Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as follows: $\begin{array}{|l|rr|}
\hline \text { Sales } & \$ 2,100,000 \
\hline \text { Operating income } & \$ 420,000 \
\hline \text { Total assets } & \$ 1,050,000 \
\hline \text { Current liabilities } & \$ 200,000 \
\hline \text { Target rate of return } & 12 \% \
\hline \text { Weighted average cost of capital } & 10 \% \
\hline
\end{array}$

-What is The Plastic Lumber Company's Outdoor Furniture Division return on investment?

Question

Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as follows: $\begin{array}{|l|rr|}
\hline \text { Sales } & \$ 2,100,000 \
\hline \text { Operating income } & \$  420,000 \
\hline \text { Total assets } & \$ 1,050,000 \
\hline \text { Current liabilities } & \$  200,000 \
\hline \text { Target rate of return } &  12 \% \
\hline \text { Weighted average cost of capital } & 10 \% \
\hline
\end{array}$

-What is The Plastic Lumber Company's Outdoor Furniture Division return on investment?

Quizplus · Accepted Answer

The Answer of  Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as follows: $\begin{array}{|l|rr|}
\hline \text { Sales } & \$ 2,100,000 \
\hline \text { Operating income } & \$  420,000 \
\hline \text { Total assets } & \$ 1,050,000 \
\hline \text { Current liabilities } & \$  200,000 \
\hline \text { Target rate of return } &  12 \% \
\hline \text { Weighted average cost of capital } & 10 \% \
\hline
\end{array}$

-What is The Plastic Lumber Company's Outdoor Furniture Division return on investment?

Selected Financial Data for the Plastic Lumber Company's Outdoor Furniture