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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 30% and the weighted average cost of capital is 20%, its effective tax rate is 25%. Sales Operating income Total assets Current liabilities $9,000,000 3,150,000 1,500,000 750,000 What is the division's capital turnover? A. 2.00 O B. 6.00 O c. 2.86 O D. 0.48

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