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3. Here are data regarding LMN Division: Average operating assets $500,000 Sales $930,000 Net operating income $81,000 Residual income $33,000 What is LMN Divisions minimum
3. Here are data regarding LMN Division:
Average operating assets $500,000
Sales $930,000
Net operating income $81,000
Residual income $33,000
What is LMN Divisions minimum required rate of return? ______
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