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Assume the Mold Division of SPKY Corporation had the following results last year (in thousands). Management's target rate of return is 10% and the weighted
Assume the Mold Division of SPKY Corporation had the following results last year (in thousands). Management's target rate of return is 10% and the weighted average cost of capital is 7%. Its effective tax rate is 30%. Sales $6,000,000 Operating income 900,000 Total assets 3,000,000 Current liabilities 750,000 What is SPKYCorporation Mold division's asset turnover? O a. 2.0 O b.3.3 O c. 2.3 O d.5
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