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Business, 22.11.2020 08:30 asims13

The Consumer Products Division of Goich Corporation had average operating assets of $435,000 and net operating income of $48,000 in May. The minimum required rate of return for performance evaluation purposes is 10%.
What was the Consumer Products Division's minimum required return in May?
Multiple Choice
$4,800
$48,000
$48,300
$43,500

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