Question: 6. The Holmes Division recorded operating data as follows for the past year: Sales $200,000 Operating Income $ 25,000 Average Operating Assets $100,000 Shareholders' Equity

6. The Holmes Division recorded operating data as follows for the past year: Sales $200,000 Operating Income $ 25,000 Average Operating Assets $100,000 Shareholders' Equity $ 80.000 Residual Income $ 13,000 For the past year, what was the minimum required rate of return? A) 12% B) 11% C) 14%. D 13%

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