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Pendant Publishing Reported the Following Results for Its Textbook Division

Question 34

Multiple Choice

Pendant Publishing reported the following results for its Textbook Division:
Pendant Publishing reported the following results for its Textbook Division: Pendant's target rate of return is 15% and the weighted average cost of capital is 10%.Its effective tax rate is 35%. What is the Textbook Division's capital turnover? A) 2.2 B) 2.5 C) 5.0 D) 2.0
Pendant's target rate of return is 15% and the weighted average cost of capital is 10%.Its effective tax rate is 35%.
What is the Textbook Division's capital turnover?


A) 2.2
B) 2.5
C) 5.0
D) 2.0

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