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Question 166

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Use the information below to answer the following question(s) :
The Tandem division of the Great Adventures Cycles Company had the following results last year (in thousands) .
Use the information below to answer the following question(s) : The Tandem division of the Great Adventures Cycles Company had the following results last year (in thousands) .     Management's target rate of return is 10% and the weighted average cost of capital is 8%. Tandem's effective tax rate is 35%. -What is the Tandem division's asset turnover? A)  2.0 B)  4.2 C)  8.3 D)  13.3
Management's target rate of return is 10% and the weighted average cost of capital is 8%. Tandem's effective tax rate is 35%.
-What is the Tandem division's asset turnover?


A) 2.0
B) 4.2
C) 8.3
D) 13.3

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