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Business, 27.04.2021 15:00 Moo12345

ssume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 30%. Sales $7,000,000 Operating income 1,400,000 Total assets 3,500,000 Current liabilities 800,000 What is the division's capital turnover

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