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The following information relates to last year's operations at the Bread Division of Rison Bakery Inc. Residual Income Net operating Income Sales Average operating assets

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The following information relates to last year's operations at the Bread Division of Rison Bakery Inc. Residual Income Net operating Income Sales Average operating assets $12,000 $60,000 $300,000 $400,000 het was the Bread Division's minimum required rate of return last year? 12% o 4% 15% ? 20%

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