Assume 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%. What is the division's capital turnover?
A)5)00
B)2)00
C)2)50
D)4)38

Question

Assume 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%.  What is the division's capital turnover?
A)5)00 
B)2)00 
C)2)50 
D)4)38

Quizplus · Accepted Answer

The Answer of Assume 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%.  What is the division's capital turnover?
A)5)00 
B)2)00 
C)2)50 
D)4)38

Assume the Hiking Shoes Division of the All About Shoes