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Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands). Management's target rate of return is 20%
Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands). Management's target rate of return is 20% and the weighted average cost of capital is 5%. Its effective tax rate is 35%. Sales Operating income Total assets Current liabilities $8,000,000 3,200,000 3,000,000 What is the division's capital turnover? 790,000 OA 3.8 OB. 0.94 OC. 2.5 OD. 2.67
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