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The following data are for the Zircon Division of Jasper Company: Sales Net operating income Stockholders' equity Residual income Average operating assets $820,000 $ 59,000
The following data are for the Zircon Division of Jasper Company: Sales Net operating income Stockholders' equity Residual income Average operating assets $820,000 $ 59,000 $320,000 $ 82,000 $ 22,000 For the past year, the minimum required rate of return was: 23.10% 11.56% 7.20% 44.00%
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