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Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets of $1,125,000, and residual income of $130,000. The company's minimum

image text in transcribed Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets of $1,125,000, and residual income of $130,000. The company's minimum required rate of return on average operating assets is closest to: Multiple Choice 14.3%. 16.1%. 15.1%. 13.3\%

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