Reference: 12-10
Harstin Corporation Has Provided the Following Data -The Minimum Required Rate of Return for the Past Year

question 21

Multiple Choice

Reference: 12-10
Harstin Corporation has provided the following data: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 625,000 \\\hline \text { Gross margin } & 70,000 \\\hline \text { Net operating income } & 50,000 \\\hline \text { Stockholders' equity } & 90,000 \\\hline \text { Average operating assets } & 250,000 \\\hline \text { Residual income } & 20,000 \\\hline\end{array}$$
-The minimum required rate of return for the past year was?

• A)36%.
• B)12%.
• C)8%.
• D)40%.

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Definitions:

Thief Phenotype

The thief phenotype describes individuals or organisms that steal resources or mates from others as an alternative reproductive strategy.

Population

A group of individuals of the same species living in the same geographic area, capable of interbreeding and creating offspring.

Solitary Phenotype

An organism or individual that prefers to live or operates alone, avoiding social groups or pairings.

Fitness

In evolutionary terms, fitness refers to an organism's ability to survive and reproduce, thereby passing on genes to the next generation.