Question
Results from Riadapi Company are as follows: Operating Income $8044 Total Assets $15700 Current Liabilities $3909 Sales $35251 Target Rate of Return (Cost of Capital)
Results from Riadapi Company are as follows:
| Operating Income | $8044 |
| Total Assets | $15700 |
| Current Liabilities | $3909 |
| Sales | $35251 |
| Target Rate of Return (Cost of Capital) | 14% |
Calculate capital turnover. If your answer is a percentage, input it to one decimal place. For example .1222 should be input as 12.2. Otherwise round your answer to one decimal place.
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Becker CPA Exam Final Review Auditing
Authors: Becker
1st Edition
1943628521, 978-1943628520
