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Question 4

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Use the information below to answer the following question(s) :
Assume the Cell Phone Division of the First Electronics Corporation had the following results last year (in thousands) . Management's target rate of return is 10% and the weighted average cost of capital is 7%. Its effective tax rate is 30%.
Use the information below to answer the following question(s) : Assume the Cell Phone Division of the First Electronics Corporation had the following results last year (in thousands) . Management's target rate of return is 10% and the weighted average cost of capital is 7%. Its effective tax rate is 30%. -What is the First Electronics Corporation cell phone division's asset turnover? A) 2.0 B) 3.3 C) 4.0 D) 6.7
-What is the First Electronics Corporation cell phone division's asset turnover?


A) 2.0
B) 3.3
C) 4.0
D) 6.7

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