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Pendant Publishing Reported the Following Results for Its Textbook Division

Question 170

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 22% and the weighted average cost of capital is 15%. Its effective tax rate is 25%. What is the Textbook Division's capital turnover? A) 7) 6 B) 1) 8 C) 5) 0 D) 2) 8 Pendant's target rate of return is 22% and the weighted average cost of capital is 15%. Its effective tax rate is 25%.
What is the Textbook Division's capital turnover?


A) 7) 6
B) 1) 8
C) 5) 0
D) 2) 8

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