The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120,800 in December. The minimum required rate of return for performance evaluation purposes is 16%.
-What was the Consumer Products Division's minimum required return in August?
A)$3,870
B)$38,700
C)$48,870
D)$45,000

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The Answer of The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120,800 in December. The minimum required rate of return for performance evaluation purposes is 16%.
-What was the Consumer Products Division's minimum required return in August?
A)$3,870
B)$38,700
C)$48,870
D)$45,000

The West Division of Frede Corporation Had Average Operating Assets