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Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands). Management's target rate of return is 20%
Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands). Management's target rate of return is 20% and the weighted average cost of capital is 25%. Its effective tax rate is 25%. Sales Operating income Total assets Current liabilities $11,000,000 1,100,000 3,000,000 810,000 What is the division's capital turnover? OA 10 B. 3.67 O C. 2.73 D. 3.7
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