The Consumer Products Division of Weiter Corporation had average operating assets of $570,000 and net operating income of $65,100 in March. The minimum required rate of return for performance evaluation purposes is 12%.
-What was the Consumer Products Division's minimum required return in March?
A)$7,812
B)$76,212
C)$68,400
D)$65,100

Question

Quizplus · Accepted Answer

Minimum required return = Average operating assets F1F1F1S1F1F1F10 Minimum required rate of return
= $570,000 F1F1F1S1F1F1F10 12% = $68,400

The Consumer Products Division of Weiter Corporation Had Average Operating