The Consumer Products Division of Goich Corporation Had Average Operating

question 151

Multiple Choice

The Consumer Products Division of Goich Corporation had average operating assets of $800,000 and net operating income of $81,300 in May. The minimum required rate of return for performance evaluation purposes is 10%.
-What was the Consumer Products Division's minimum required return in May?

• A) $81,300
• B) $8,130
• C) $88,130
• D) $80,000