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Bookworks Publishing reported the following results for its Textbook Division: Sales Operating income Total assets $ 4 , 8 0 0 , 0 0 0
Bookworks Publishing reported the following results for its Textbook Division:
Sales
Operating income
Total assets
$
$
$
$
Current liabilities
$
Bookworks' target rate of return is and the weighted average cost of capital is Its effective tax rate is What is the Textbook Division's capital turnover?
A
B
C
D
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