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Business, 17.04.2020 00:10 Chynadoll94

The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $ 4 comma 200 comma 000 Operating income $ 840 comma 000 Total assets $ 1 comma 500 comma 000 Current liabilities $ 270 comma 000 Management's target rate of return is 23% and the weighted average cost of capital is 15%. What is the Top Hat Division's Return on Investment (ROI)?

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