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The Holmes Division recorded operating data as follows for the past year: Sales$200,000Net operating income25,000Average operating assets100,000Stockholders' equity80,000Residual income13,000 For the past year, the minimum

The Holmes Division recorded operating data as follows for the past year:

Sales$200,000Net operating income25,000Average operating assets100,000Stockholders' equity80,000Residual income13,000

For the past year, the minimum required rate of return was?

Question 28 options:

A)

11%.

B)

14%.

C)

13%.

D)

12%.

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