What the minimum required rate of return was

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Reference no: EM132536632

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

Sales $200,000

Net operating income 25,000

Average operating assets 100,000

Stockholders' equity 80,00

0Residual income 13,000

Question 1: For the past year, the minimum required rate of return was?

Option A) 11%.

Option B) 14%.

Option C) 13%.

Option D) 12%.

Reference no: EM132536632

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