The Following Data Are Available for the South Division of Redride

question 69

Multiple Choice

The following data are available for the South Division of Redride Products, Inc. and the single product it makes:
-If South wants a residual income of $50,000 and the minimum required rate of return is 10%,the annual turnover will have to be:

• A)0.32
• B)0.80
• C)1.25
• D)1.50

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