1 answer

Sales Operating income Total assets Current liabilities $2,200,000 $440,000 $1,100,000 $1,460,000 Pendant's target rate of return...

Question:

Sales Operating income Total assets Current liabilities $2,200,000 $440,000 $1,100,000 $1,460,000 Pendants target rate of return is 14% and the weighted average cost of capital is 13%, its effective tax rate is 25%. What is the Textbook Divisions capital turnover? OA. 2.0 O B. 2.5 O C. 5.0 O D. 1.5

Sales Operating income Total assets Current liabilities $2,200,000 $440,000 $1,100,000 $1,460,000 Pendant's target rate of return is 14% and the weighted average cost of capital is 13%, its effective tax rate is 25%. What is the Textbook Division's capital turnover? OA. 2.0 O B. 2.5 O C. 5.0 O D. 1.5

Answers

Answer

  • Capital Invested = Total Assets = $ 1,100,000
  • Required: Capital Turnover [=Sales/Capital]
  • Working and answer

A

Sales

$          2,200,000

B

Total Assets

$          1,100,000

C = A/B

Division's Capital Turnover

2

  • Correct Answer = Option ‘A’ 2.0
.

Similar Solved Questions

1 answer
Give an example of competitive markets, an imperfect market and a company with market power.
Give an example of competitive markets, an imperfect market and a company with market power....
1 answer
One bag contains 2 green marbles and 4 white marbles and a second bag contains 3 green marbles and 1 white marble
One bag contains 2 green marbles and 4 white marbles and a second bag contains 3 green marbles and 1 white marble. If Jon randomly draws one marble from each bag what is the probability that they are both green?...
1 answer
Prevention methods to avoid opioid substance abuse while prescribed to opioids
Prevention methods to avoid opioid substance abuse while prescribed to opioids...
1 answer
Can anyone help me solve this problem? thank you so much Graphical Questions (16 points) You...
Can anyone help me solve this problem? thank you so much Graphical Questions (16 points) You are given a Demand function for beer Qb- 40-5Pb+5Pw + where Qb $10 and starting income is $120. .5Y quantity of beer, Pb price of beer, Pw price of wine, and Y income. The starting price of wine is Graph 1....
1 answer
In Figure (a), two circular loops, with different currents but the same radius of 40 cm, are cent...
In Figure (a), two circular loops, with different currents but the same radius of 40 cm, are centered on a y axis. They are initially separated by distance L-3.0 cm, with loop 2 positioned at the origin of the axis. The currents in the two loops produce a net magnetic field at the origin, with y com...
1 answer
Type A B $8,650.00 $13,900.00 First cost, $ Maintenance cost, $/year Salvage value Life, years $2,200.00...
Type A B $8,650.00 $13,900.00 First cost, $ Maintenance cost, $/year Salvage value Life, years $2,200.00 $1,900.00 $0.00 $3,000.00 5 7 1. Have available the Microsoft Excel software program. 2. Construct a table in the Microsoft Excel work sheet as shown below. The instructions are shown in the seco...
1 answer
One of the lines in the Lyman series corresponds to the emission of a photon with...
One of the lines in the Lyman series corresponds to the emission of a photon with a wavelength of 972 nm. If the final state of the hydrogen atom is the ground state, explain how you would determine the quantum numbers of the initial state involved in the transition that produced the 972-nm photon....
1 answer
Q3) The following data is given; Number of Employed = 33000 Labor Force = 36000 Working...
Q3) The following data is given; Number of Employed = 33000 Labor Force = 36000 Working Age Population = 54000 Calculate the unemployment rate Calculate the labor force participation rate Calculate the employment to population ratio....
1 answer
The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce...
The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $11.00 a box. The lettuce is ...
1 answer
Design a second-order high pass active filter with a cutoff frequency of 1Hz and a passband...
Design a second-order high pass active filter with a cutoff frequency of 1Hz and a passband gain of 10. Show all calculations and provide a schematic of your design....
1 answer
The Leaning Tower of Pisa is an architectural wonder. Engineers concerned about the tower's stability have...
The Leaning Tower of Pisa is an architectural wonder. Engineers concerned about the tower's stability have done extensive studies of its increasing tilt. Measurements of the lean of the tower over time provide much useful information. The following table gives measurements for the years 1975 to ...
1 answer
8) (6 p.) Explain your answer. If you just circle the right answer you get half...
8) (6 p.) Explain your answer. If you just circle the right answer you get half of the points Use the information below to answer the question that follows. Company Sales by Store Number Sold Store Store 2 Store 3 Store 4 wowe wowshoes The data in the graph above represent the number of snowboards, ...
1 answer
Dividend to its sole shareholder Chen, who is 25 years old and single Vegetable Corporation has...
dividend to its sole shareholder Chen, who is 25 years old and single Vegetable Corporation has taxable income of $50,000 in 2010. It distributes all its after-tax income is Chen has no income sources other than Vegetable Company. Based on these facts a. Chen will have taxable income of $35.400 b. V...
1 answer
I need help calculating total percent recovery. I have to get the percent recovery for the...
I need help calculating total percent recovery. I have to get the percent recovery for the two compounds I separated during an organic base and neutral compound extraction experiment. The lab started with 0.6 g of a 1:1 mixture (by mass) of 1,4-dichlorobenzene/ethyl 4-aminobenzoate. My two compounds...
1 answer
R.T. Ko and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth...
R.T. Ko and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Ko, the president, to believe that an aggressive marketing campaign will be necessary next year to maintain the company's presen...