Business, 05.05.2020 21:35, jhenifelix

Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 25%. Sales $14,000,000 Operating income 5,600,000 Total assets 4,000,000 Current liabilities 750,000 What is the division's sales margin?

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last y...