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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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