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The Consumer Products Division of Goich Corporation had average operating assets of $405,000 and net operating income of $45,000 in May. The minimum required rate

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The Consumer Products Division of Goich Corporation had average operating assets of $405,000 and net operating income of $45,000 in May. The minimum required rate of return for performance evaluation purposes is 9%. What was the Consumer Products Division's minimum required return in May? Multiple Choice $45,000 $36,450 $4,050 $40,500

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