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Question 3 Rice Corporation has two divisions, Wholesale and Retail. Here are data regarding the Retail Division's current-year results: Sales $750,000 Turnover 3.125 Margin 6.0%

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Question 3 Rice Corporation has two divisions, Wholesale and Retail. Here are data regarding the Retail Division's current-year results: Sales $750,000 Turnover 3.125 Margin 6.0% Residual income $9,000 What is Rice Corporation's minimum required rate of return? Round to the nearest whole number and do not enter a percent sign (e.g., enter 89, not 89.0% or 0.89)

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