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The Consumer Products Division of Mickolick Corporation had average operating assets of $420,000 and net operating income of $46,500 in August. The minimum required rate
The Consumer Products Division of Mickolick Corporation had average operating assets of $420,000 and net operating income of $46,500 in August. The minimum required rate of return for performance evaluation purposes is 12%. What was the Consumer Products Division's minimum required return in August? A.5580 B.46500 C.55980 D.50400
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