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Question 18: (2 points)
The Consumer Products Division of Goich Corporation had average operating assets of $792,000 and net operating income of $90,300 in May. The minimum required rate of return for performance evaluation purposes is 6%.

What was the Consumer Products Division's minimum required return in May?

$52,270
$45,020
$47,520
$51,020

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The solution explains how to calculate the minimum required return

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