Barrera Corporation provides the following financial information:Minimum Acceptable Operating Income$560,000average total assets$2,530,000operating income$705,000Return of investment27,87?%net...
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Accounting
Barrera Corporation provides the following financial information:
Minimum Acceptable Operating Income | $560,000 |
average total assets | $2,530,000 |
operating income | $705,000 |
Return of investment | 27,87?% |
net sales | $875,000 |
Calculate the target rate of return.
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