4. The West Division of Frede Corporation had average operating assets of $638,000 and net operating income of $78,000 in December. The minimum required rate of return for performance evaluation purposes is 14%.

What was the West Division's minimum required return in December?

A. $78,000 B. $89,320 c. $10,920 D. $100,240

2. value:

2.00 points

Given the following data:

Return on investment	22%
Turnover	2.6
Margin	8%
Sales	$110,000
Average operating assets	$40,000
Minimum required rate of return	16%

The residual income would be:

A. $2,400

B. $0

C.$5,600

C. $8,800

3. Cabal Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140, and average operating assets of $5,708,000. The company's minimum required rate of return is 10%.

The division's margin is closest to:(Round your answer to 1 decimal place.)

A. 9.1% B. 45.5% C. 91.0% D. 20.0%