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The following information relates to Bakery, Inc's operations for the past year: Residual net income: $ 12,000 Net operating profit: $ 60,000 Turnover: $ 300,000

The following information relates to Bakery, Inc's operations for the past year:  Residual net income: $ 12,000  Net operating profit: $ 60,000  Turnover: $ 300,000  average operating assets: $ 400,000 What was the minimum rate of return required by the business last year? Options for question 29: 20% 15% 4% 12%

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