Multiple Choice
The Media Division of Winslow Company has invested capital of $1,250,000, sales of $590,000, net income of $44,250, and interest expense of $7,000.Winslow's income tax rate is 40 percent.What is the Media Division's return on investment?
A) 3.76%
B) 3.88%
C) 0.47%
D) -3.76%
Correct Answer:
Verified
Correct Answer:
Verified
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