The Consumer Products Division of Mickolick Corporation Had Average Operating

question 67

Multiple Choice

The Consumer Products Division of Mickolick Corporation had average operating assets of $450,000 and net operating income of $38,700 in August. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's minimum required return in August?

• A)$3,870
• B)$38,700
• C)$48,870
• D)$45,000

---

Definitions:

Internet

A global network of interconnected computers and servers that allows for the exchange of data and information.

Flash Drive

A small, portable storage device that uses flash memory and is typically used for the purpose of transferring files between computers.

Conditional Formatting

A feature in many spreadsheet applications that allows the user to set automatic formatting changes for cells based on the data they contain.

Sorting and Filtering

Techniques used in data analysis to organize data in a meaningful order or to display only the data that meets certain criteria.