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The Top Hat Division of Blandon's Fine Menswear had the following results last year (in...

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Accounting

The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $ 4,800,000 Operating income $ 720,000 Total assets $ 4,000,000 Current liabilities $ 270,000 Management's target rate of return is 9% and the weighted average cost of capital is 6%. What is the Top Hat Division's capital turnover? A. 1.2 B. 5.6 C. 6.7 D. 17.8

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