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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 $770,000 $

The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $770,000 $ 49,000 $270,000 $ 77,000 $ 17,000 For the past year, the minimum required rate of return was: Multiple Choice 34.00% O 11.85% 17.55% 6.36%

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