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bernie2981 bernie2981
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8 years ago
Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands). Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%.

Sales   $10,000,000
Operating income    2,000,000
Total assets   2,500000
Current liabilities    820,000

What is the division's capital turnover?
A) 4.00
B) 3.05
C) 1.25
D) 5.00
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
nala_ka_boo
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