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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating...

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Accounting

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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $890,000 $ 73,000 $390,000 $ 89,000 $ 29,000 For the past year, the minimum required rate of return was: Multiple Choice 58.00% 11.28% 29.52% 8.20%

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