Selected financial data for The Plastic Lumber Company's Outdoor ...

[Mimi]

Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as follows:

Sales	$2,100,000
Operating income	$420,000
Total assets	$1,050,000
Current liabilities	$200,000
Target rate of return	12%
Weighted average cost of capital	10%

What is The Plastic Lumber Company's Outdoor Furniture Division asset turnover?
◦ 2.5
◦ 10.5
◦ 5.0
◦ 2.0

[adammoses97]

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[Mimi]

Great answer, keep it coming

[dreamfighter72]

Thanks for the timely response, appreciate it