Take a Test-Vanessa Bert-Google Chrome Secure https//www.mat Managerial Accounti

Question

Take a Test-Vanessa Bert-Google Chrome Secure https//www.mat Managerial Accounting Spring 2018 t/PlayerTest.aspx?testld-1751588718centeayes Test: Chapter 9 & 10 Exam -Required Time Remaining: 00:0945 Submit Test This Question: 2 pts 17 of 23 (16 complete)This Test: 50 pts possible The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year Shareholders require a return of 9% Management calculated a weighted-average cost of capital (WACC) of 4% Alleds corporate tax rate is 35% C Sales Operating income Total assets Current liabilities $400 000 120,000 1,700.000 800 000 What is the division's capital turnover? A. 024 ??. 1417 C 333 OD 213 BANG&OLUFSEN; ? sc delete home p9 up po dn 9

Explanation / Answer

Answer A) is correct.

Explanation:

Capital turnover ratio=Sales/ Assets

=400000/1700000=0.24

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