$\text { Harstin Corporation has provided the following data for the past year: }$

question 76

Multiple Choice

$\text { Harstin Corporation has provided the following data for the past year: }$
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 625,000 \\\hline \text { Gross Margin } & \$ 70,000 \\\hline \text { Operating Income } & \$ 50,000 \\\hline \text { Shareholders' Equity } & \$ 90,000 \\\hline \text { Average Operating Assets } & \$ 250,000 \\\hline \text { Residual Income } & \$ 20,000\\\hline\end{array}$
-What was the minimum required rate of return for the past year?

• A) 8%.
• B) 12%.
• C) 36%.
• D) 40%.

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Definitions:

Differential Aptitude Test

A standardized test designed to assess specific types of skill or ability for career development purposes.

Test Category

A classification or grouping of tests based on their purpose, such as personality assessments, intelligence tests, or achievement tests.

Predictive Validity

The degree to which a test or scale score can predict later performance on an associated outcome.

DAT PCA

A statistical procedure used in the Differential Aptitude Test for pattern analysis and identifying cognitive strengths.