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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 following data relates to Logan Electric and its Light Bulb Division.

Light Bulb Division sales   $7,500,000
Light Bulb Division operating income   $750,000
Light Bulb Division total assets    $3,000,000
Light Bulb Division current liabilities    $550,000
Corporate target rate of return   15%
Corporate weighted average cost of capital   11%
Corporate effective tax rate   35%

What is the Light Bulb Division's capital turnover?
A) 2.5
B) 4.0
C) 5.5
D) 10.0
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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8 years ago
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3 years ago
fantastic stuff ! really great
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3 years ago
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3 years ago
thx
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