The Following Information Is Reported for the Current Year for North

question 86

Multiple Choice

The following information is reported for the current year for North Atlantic Division of XT Enterprises: $$\begin{array} { l r } \text { Sales } & \$ 3,800,000 \\\text { Interest expense } & \$ 250,000 \\\text { Net income } & \$ 500,000 \\\text { Total assets } & \$ 5,000,000 \\\text { Noninterest-bearing current liabilities } & \$ 400,000 \\\text { Cost of capital } & 8 \% \\\text { Required rate of return } & 14 \% \\\text { Tax rate } & 30 \%\end{array}$$ As it relates to investment center evaluation, how much is the division's investment turnover?

• A)0.76
• B)0.71
• C)0.83
• D)0.15

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Predict market outcomes based on changes in market conditions.

Explain the relationship between supply and demand factors and market surpluses or shortages.

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