The Consumer Products Division of Mickolick Corporation had average operating assets of $445,000 and net...
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Accounting
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
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