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Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows: Sales $6,800,000 Operating income $2,040,000 Total assets $2,720,000 Current liabilities $380,000

Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows:

Sales

$6,800,000

Operating income

$2,040,000

Total assets

$2,720,000

Current liabilities

$380,000

Required rate of return

11%

Weighted average cost of capital

8%

What is the Photocopier Division's capital turnover?

3.3 = A

17.9 = B

1.3 = C

2.5 = D

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