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The Box Manufacturing Division of the Allied Paper Company reported the following results from the p

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The Box Manufacturing Division of the Allied Paper Company reported the following results from the p

The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year. Shareholders require a return of 7%. Management calculated a weighted-average cost of capital (WACC) of 5%. Allied's corporate tax rate is 30%.

Sales   $700,000
Operating income    $175,000
Total assets   $1,500000
Current liabilities    600,000

What is the division's capital turnover?
A) 2,50
B) 0.47
C) 4.00
D) 8.57

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Managerial Accounting

Edition: 4^th

Author: Braun

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bernie2981 Author

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8 years ago

Answers my question perfectly.

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Celeste L.

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3 years ago

thanks

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