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The Consumer Products Division of Weiter Corporation had average operating assets of $570,000 and net operating income of $65,100 in March. The minimum required rate
The Consumer Products Division of Weiter Corporation had average operating assets of $570,000 and net operating income of $65,100 in March. The minimum required rate of return for performance evaluation purposes is 12%.
What was the Consumer Products Division's minimum required return in March?
A. $76,212
B. $65,100
C. $68,400
D. $7,812
Please show me the work, not just the answer, Thanks so much!
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