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The Consumer Products Division of Garafalo Corporation had average operating assets of $300,000 and net operating income of $46,900 in March. The minimum required rate of return for performance evaluation purposes is 16%.
 
What was the Consumer Products Divisions minimum required return in March?

  1. a. $55,504
  2.  b. $48,000
  3. c. $7,504
  4. d. $46,900

 

 

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