The West Division of Fitzmaurice Corporation had average operating assets of $450,000 and net operating income of $87,300 in November. The minimum required rate of return for performance evaluation purposes is 18%.
-What was the West Division's minimum required return in November?
A) $87,300
B) $15,714
C) $96,714
D) $81,000

Question

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The Answer of The West Division of Fitzmaurice Corporation had average operating assets of $450,000 and net operating income of $87,300 in November. The minimum required rate of return for performance evaluation purposes is 18%.
-What was the West Division's minimum required return in November?
A) $87,300
B) $15,714
C) $96,714
D) $81,000

The West Division of Fitzmaurice Corporation Had Average Operating Assets