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Eathan House Wares is a division of a major corporation. The following data are for the latest year of operations Sales ................................................................. $14,720,000 Net operating

Eathan House Wares is a division of a major corporation. The following data are for the latest year of operations

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Sales ................................................................. $14,720,000 Net operating income .......................................... $1,000,960 Average operating assets .................................... $4,000,000 The company's minimum required rate of return... 14%

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