MC Qu. 87 The West Division of Shekarchi Corporation... The West Division of She

Question

MC Qu. 87 The West Division of Shekarchi Corporation...

The West Division of Shekarchi Corporation had average operating assets of $661,000 and net operating income of $56,000 in March. The minimum required rate of return for performance evaluation purposes is 10%.

$71,700

$66,100

$56,000

$5,600

The West Division of Shekarchi Corporation had average operating assets of $661,000 and net operating income of $56,000 in March. The minimum required rate of return for performance evaluation purposes is 10%.

Explanation / Answer

Minimum required rate of return = 661,000 * 10%

                                                       = $66,100

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