ACCT 202-Routh, Summer 2018 (online) Test: Exam (Module 5 -ch. 10, 11) This Ques

Question

ACCT 202-Routh, Summer 2018 (online) Test: Exam (Module 5 -ch. 10, 11) This Question: 2 pts 2 of 11 (0 complete) Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows: Operating income Total assets Current liabilities Required rate of return Weighted average cost of capital $6,800,000 $2,856,000 $4,250,000 $310,000 6% 5% What is the Photocopier Division's capital turnover? OA. 15 OB. 21.9 O C. 2.4 O D. 1.6 Click to select your answer Take a Test-Mitch...

Explanation / Answer

D. 1.6

Capital turnover = Sales / Total assets = $6,800,000 / $4,250,000 = 1.6

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