Question
he West Division of Cecchetti Corporation had average operating assets of $682,000 and net operating income of $129,000 in August. The minimum required rate of
he West Division of Cecchetti Corporation had average operating assets of $682,000 and net operating income of $129,000 in August. The minimum required rate of return for performance evaluation purposes is 21%.
What was the West Division's minimum required return in August?
Multiple Choice
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$27,090
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$143,220
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$170,310
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$129,000
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Managerial Economics In A Global Economy
Authors: Dominick Salvatore
9th Edition
0190848251, 9780190848255
