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MacGyver Corporation's information is below: Sales $ 900,000 Profit $36,000 $ 150,000 Contribution margin Investment capital Stockholders' equity Plant, property, & equipment $135,000 $ 100,000
MacGyver Corporation's information is below: Sales $ 900,000 Profit $36,000 $ 150,000 Contribution margin Investment capital Stockholders' equity Plant, property, & equipment $135,000 $ 100,000 $120,000 If the residual income for the year was $9,000, the minimum required rate of return must have been: A. 36% B. 4% C. 15% D. 20%
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