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This Question: 1 pt 19 The Top Hat Division of Blandon's Fine Menswear had the...

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Accounting

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This Question: 1 pt 19 The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $5,100,000 Operating income $510,000 Total assets $3,000,000 Current liabilities $260,000 Management's target rate of return is 24% and the weighted average cost of capital is 18%. What is the Top Hat Division's Return on Investment (ROI)? A. 17.00% B. 10.00% C. 170.00% D. 5.10%

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