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%

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