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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 $790,000 $

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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 $790,000 $ 53,000 $290,000 $ 79,000 $ 19,000 For the past year, the minimum required rate of return was: Multiple Choice 11.72% C 19.89%

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