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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 Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands).

Sales   $4,500,000
Operating income   $675,000
Total assets    $3,000,000
Current liabilities    $250,000

Management's target rate of return is 12% and the weighted average cost of capital is 9%.

What is the Top Hat Division's capital turnover?
A) 1.5
B) 6.7
C) 4.4
D) 18.0
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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