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The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales Operating income Total assets Current liabilities $4,600,000 $690,000
The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales Operating income Total assets Current liabilities $4,600,000 $690,000 $2,000,000 $300,000 Management's target rate of return is 19% and the weighted average cost of capital is 15%. What is the Top Hat Division's capital turnover? O A. 2.3 OB. 6.7 OC. 2.9 OD. 15.3
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