Selected Financial Data for the Entertainment Division of Magic Enterprises

question 113

Multiple Choice

Selected financial data for the Entertainment Division of Magic Enterprises is as follows: $$\begin{array} { | l | r r | } \hline \text { Sales } & \$ & 7,200,000 \\\hline \text { Operating income } & \$ & 1,440,000 \\\hline \text { Total assets } & \$ & 3,000,000 \\\hline \text { Curgent liabilities } & \$ & 800,000 \\\hline \text { Required rate of return } & & 8 \% \\\hline \text { Weighted average cost of capital } & & 6 \% \\\hline\end{array}$$
-What is the Entertainment Division's return on investment?

• A)240.00%
• B)48.00%
• C)20.00%
• D)11.11%

---

Definitions:

Glocal

Emphasizes the merging of global and local dimensions in cultural, economic, and social phenomena, suggesting that global forces are received and reinterpreted within local contexts.

Ulrich Beck

A sociologist known for introducing the concept of "risk society," where modernity is marked by the presence of new insecurities and risks.

Benjamin Barber

An American political theorist known for his work on democracy and civic engagement.

Anthony Giddens

A prominent British sociologist known for his theory of structuration and his work on the understanding of modern societies.