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Author Question: The Tandem division of the Great Adventures Cycles Company had the following results last year (in ... (Read 72 times)

jake

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on: Jan 5, 2020
The Tandem division of the Great Adventures Cycles Company had the following results last year (in thousands).

Sales $4,000,000
Operating income $480,000
Total assets $2,000,000
Current liabilities $300,000

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?
◦ 2.0
◦ 13.3
◦ 8.3
◦ 4.2
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by jake on Jan 5, 2020

Sierray

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jake

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Reply 2 on: Jan 5, 2020
Excellent

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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