Consumer products division minimum

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Reference no: EM13972402

The Consumer Products Division of Mickolick Corporation had average operating assets of $445,000 and net operating income of $49,000 in August. The minimum required rate of return for performance evaluation purposes is 12%. What was the Consumer Products Division's minimum required return in August?

A. $5,880

B. $59,280

C. $49,000

D. $53,400

Reference no: EM13972402

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