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Rice Corporation has two divisions. Wholesale and Retail. Here are data canding the Division's current-year results: Sales Turnover Margin Residual income $750,000 3.125 6.0% $9,000

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Rice Corporation has two divisions. Wholesale and Retail. Here are data canding the Division's current-year results: Sales Turnover Margin Residual income $750,000 3.125 6.0% $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 or a decimal point (eg, enter 89. not 89.0% or 0.89). 15

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