Business

25 April, 20:01

The following data are for the Akron Division of Consolidated Rubber, Inc.:Sales $ 750,000Net operating income $ 45,000Average operating assets $ 250,000Stockholders' equity $ 75,000Residual income $ 15,000

For the past year, the minimum required rate of return was:a) 30%b) 12%c) 15%d) 6%

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