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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $820,000 $
The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $820,000 $ 59,000 $320,000 $ 82,000 $ 22,000 For the past year, the minimum required rate of return was: Multiple Choice 44.00% 11.56% 23.10% Stockholders' equity Residual income $ 82.ee $ 22,00 For the past year, the minimum required rate of return was Multiple Choice 4400% 11.56% 23.10% 7.20%
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