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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
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
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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8 years ago
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bernie2981 Author
wrote...
#2
8 years ago
Answers my question perfectly.
wrote...
#3
3 years ago
thanks
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