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

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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

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