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Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets of $1,300,000, and residual income of $130,000. The companys minimum
Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets of $1,300,000, and residual income of $130,000. The companys minimum required rate of return on average operating assets is closest to:
Multiple Choice
11.5%.
12.5%.
13.1%.
14.1%.
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