Question
Results from Riadapi Company are as follows: Operating Income $8744 Total Assets $15835 Current Liabilities $3423 Sales $34913 Target Rate of Return (Cost of Capital)
Results from Riadapi Company are as follows:
| Operating Income | $8744 |
| Total Assets | $15835 |
| Current Liabilities | $3423 |
| Sales | $34913 |
| Target Rate of Return (Cost of Capital) | 15% |
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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Auditing Today
Authors: Emile Woolf
6th Edition
0135894662, 978-0135894668
