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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 10% and the weighted average cost of capital is 30%. Its effective tax rate is 25%. Sales $5,000,000 Operating income 1,250,000 Total assets 1,500,000 Current liabilities 820,000 What is the division's capital turnover? A. 4.00 O B. 3.33 O C. 1.83 OD. 1.20

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