Question: Which one is the correct answer? Ringo Corporation had the following results last year (in thousands) Management's target rate of return is 15% and the

Which one is the correct answer?

Ringo 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%. Sales $520,000,000 Operating income 4,000,000 Total assets 8,000,000 Current liabilities 4, 820,000 What is the division's Return on Investment (ROI)? 20.00% 500.00% 32.80% 50.00%

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