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Bookworks Publishing reported the following results for its Textbook Division: Sales $4,600,000 Operating income $690,000 Total assets $2,000,000 Current liabilities $780,000 Bookworks' target rate of
Bookworks Publishing reported the following results for its Textbook Division: Sales $4,600,000 Operating income $690,000 Total assets $2,000,000 Current liabilities $780,000 Bookworks' target rate of return is 25% and the weighted average cost of capital is 9%. Its effective tax rate is 40%. What is the Textbook Division's capital turnover? O A. 6.7 OB 5.9 C 2.3 OD 2.9 Click to select your
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