assume the hiking shoes division of the all about shoes corporation had the following results from last year (in thousands). Management's target rate of return is 15% and the weighted average cost is 10%. its effective tax rate is 25%

Sales $14,000,000

Operating Income: 5,600,000

Total assets: 4,000,000

current liabilities: 750,000

What is the division's capital turnover?

1) 5.00

2)2.00

3) 2.50

4) 4.38