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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%

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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% and the weighted average cost of capital is 10%. It seffective tax rate is 40% What is the division's capital turnover? A. 4 B. 3.33 C. 1.2 D. 1.79

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