Pendant Publishing reported the following results for its Textbook Division Sales $ 2200000 Operating income $ 440 000 Total assets $ 1 100 000 Current liabilities $ 1490 000$ Pendant 's target rate of return is18 and the weighted average cost of capital is 14 Its effective tax rate is 25 What is t...

Pendant Publishing reported the following results for its Textbook? Division: Sales $ 2200000 Operating income $ 440

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Pendant Publishing reported the following results for its Textbook? Division:

Sales	$ 2200000
Operating income	$ 440 000
Total assets	$ 1 100 000
Current liabilities	$ 1490 000$

Pendant's target rate of return is18?% and the weighted average cost of capital is 14?%. Its effective tax rate is 25?%.

What is the Textbook? Division's capital? turnover?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Posted Date: Aug 12, 2022 03:42 AM

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Pendant Publishing reported the following results for its Textbook? Division: Sales $ 2200000 Operating income $ 440

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Capital Turnover ... View the full answer

Financial Accounting: A Business Process Approach

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