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

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Accounting

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The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net operating income Average operating assets Stockholders' equity Residual income $ 800,000 $ 55,000 $ 300,000 $ 80,000 $ 20,000 For the past year, the minimum required rate of return was: Multiple Choice 6.88% 11.67% 21.00% 40.00%

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