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In 2018 the Kansas City Company reported the following information: Sales:$1,100,000 Invested Capital:$600,000 Residual income:$42,000 Return on investment:22% Current Liabilities:$45,000 The company's minimum rate of

In 2018 the Kansas City Company reported the following information:

Sales:$1,100,000

Invested Capital:$600,000

Residual income:$42,000

Return on investment:22%

Current Liabilities:$45,000

The company's minimum rate of return was:

Group of answer choices

16%

15%

14%

12%

13%

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