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The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $4,800,000 Operating income $720,000 Total assets $4,000,000 Current

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The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $4,800,000 Operating income $720,000 Total assets $4,000,000 Current liabilities $210,000 Management's target rate of return is 16% and the weighted average cost of capital is 8%. What is the Top Hat Division's capital turnover? O A. 22.9 B. 1.2 O c. 5.6 OD. 6.7

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