Question
Extron Division reported a residual income of $200,000 for the year just ended. The division had $8,000,000 of average operating assets and $1,000,000 of operating
Extron Division reported a residual income of $200,000 for the year just ended. The division had $8,000,000 of average operating assets and $1,000,000 of operating income. Based on this information, what was the minimum required rate of return?
Answer: ____________
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
