Business, 05.12.2019 18:31 devontadunn4789
Bling jewelry reported the following results for its engagement ring division: sales $1,500,000 operating income $500,000 total assets $1,000,000 current liabilities $700,000 bling's target rate of return is 7% and the weighted average cost of capital is 12%. what is the engagement ring division's return on investment (roi)?
a. 2.00%
b. 0.71%
c. 19.00%
d. 50.00%
Answers: 1
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Bling jewelry reported the following results for its engagement ring division: sales $1,500,000 ope...
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