Pendant Publishing Reported the Following Results for Its Textbook Division

question 170

Multiple Choice

Pendant Publishing reported the following results for its Textbook Division: Pendant's target rate of return is 22% and the weighted average cost of capital is 15%. Its effective tax rate is 25%.
What is the Textbook Division's capital turnover?

• A)7)6
• B)1)8
• C)5)0
• D)2)8

---

Definitions:

Ascending Colon

The first part of the colon into which undigested food from the small intestine is passed, ascending on the right side of the abdomen.

Transverse Colon

A part of the large intestine that crosses the abdomen horizontally from right to left, involved in the absorption of water and salts.

Vertebrate Digestive Tract

The system of organs within vertebrates that ingests, digests, and absorbs nutrients, and expels waste, beginning with the mouth and ending with the anus.

Surface Area

The total area that the surface of an object occupies, which is significant in various physical and biological processes due to its impact on rates of reaction and exchange.