This Question: 1 pt 15 of 34 (12 complete) This Quiz: 34 pts possible acq Assume

Question

This Question: 1 pt 15 of 34 (12 complete) This Quiz: 34 pts possible acq 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 10% and the weighted average cost of capital is 15% lts effective tax rate is 35%. Sales Operating income http Qui $8,000,000 800,000 2,500,000 830 000 acd Total assets http Current liabilities Qul What is the division's capital turnover? AC OA. 301 http OB, 313 View o c. 32 P OD. 10 AC

Explanation / Answer

Capital turnover = Sales/ Total assets = 8000000/2500000 = 3.2 Option C is correct

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