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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 20% and the weighted average cost of capital is 25% Its effective tax rate is 30% tio Sales $12,000,000 ital Operating income 4,800,000 mpl Total assets 3,000,000 Current liabilities 800,000 What is the division's capital turnover? unting er De OA 3.75 OB 2.50 OC. 4.00 OD. 0.63

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