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Q. The Jenkins Division recorded operating data as follows for the past year: Sales .......

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Q. The Jenkins Division recorded operating data as follows for the past year: Sales .... Net operating income Average operating assets....... Stockholders' equity Residual income. $600,000 $30,000 $200,000 $50.000 $14,000 For the past year, the minimum required rate of return was: (Required)

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