What is the coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 6%? Interest is
1 answer:
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Answer:
Capital turnover = 2.5 times
Explanation:
given data
Sales = $2,000,000
Operating income = $400,000
Total assets = $800,000
Current liabilities = $120,000
Target rate of return = 13%
Weighted average cost of capital = 6%
to find out
Portland Porcelain Works Coffee Mug Division capital turnover
solution
we get here Portland Porcelain Works Coffee Mug Division capital turnover that is find here by dividing sales by total assets
so
Capital turnover = ......................1
put here value
Capital turnover =
Capital turnover = 2.5 times