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The West Division of Cecchetti Corporation had average operating assets of $682,000 and net operating income of $75,000 in August. The minimum required rate of
The West Division of Cecchetti Corporation had average operating assets of $682,000 and net operating income of $75,000 in August. The minimum required rate of return for performance evaluation purposes is 14%.
What was the West Division's minimum required return in August?
Multiple Choice
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$75,000
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$95,480
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$10,500
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$105,980
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