Question
Pendant Publishing reported the following results for its Textbook? Division: Sales $ 2200000 Operating income $ 440 000 Total assets $ 1 100 000 Current
Pendant Publishing reported the following results for its Textbook? Division:
Sales | $ 2200000 |
Operating income | $ 440 000 |
Total assets | $ 1 100 000 |
Current liabilities | $ 1490 000$ |
Pendant's target rate of return is18?% and the weighted average cost of capital is 14?%. Its effective tax rate is 25?%.
What is the Textbook? Division's capital? turnover?
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Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
