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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
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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