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Ringo Corporation Had the Following Results Last Year (In Thousands)

Question 171

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Ringo 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 35%.
Ringo 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 35%. What is the division's Return on Investment (ROI) ? A) 500.00% B) 20.00% C) 50.00% D) 32.80%
What is the division's Return on Investment (ROI) ?


A) 500.00%
B) 20.00%
C) 50.00%
D) 32.80%

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