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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 10%. Its effective tax rate is 35%. Sales $5,000,000 Operating income 500,000 Total assets 1,500,000 Current liabilities 830,000 What is the division's capital turnover? O A. 10.00 OB. 3.33 OC. 3.00 O D. 1.81
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