The West Division of Frede Corporation had average operating assets of $696,000 and net operating income of
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The West Division of Frede Corporation had average operating assets of $696,000 and net operating income of $88,000 in March. The minimum required rate of return for performance evaluation purposes is 15%. What was the West Division's minimum required return in March?
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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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