Assume the Air Conditioning division of the General Appliance 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) ?
Definitions:
Book Value
The value of an asset according to its balance sheet account balance, subtracting any liabilities or depreciation.
Depreciation
In accounting, a process for allocating a physical asset's cost over the duration of its effective life.
Net Liquid
Refers to the amount of cash or cash-equivalents a company or individual has after accounting for all liabilities.
Operating Cash Flow
The cash generated from normal business operations, indicating whether a company is able to generate sufficient cash to maintain or expand operations.
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