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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 15% and the weighted average cost of capital is 10%. Its effective tax rate is 30%. Sales $7,000,000 Operating income $1,400,000 Total assets $3,500,000 Current liabilities $800,000 What is the division's capital turnover? O A. 2.00 B.4.38 C. 5.00 D. 2.50

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