QUESTION 25 The West Division of Shekarchi Corporation had average operating ass

Question

QUESTION 25

The West Division of Shekarchi Corporation had average operating assets of $658,000 and net operating income of $147,000 in March. The minimum required rate of return for performance evaluation purposes is 23%.

What was the West Division's minimum required return in March?

$147,000

$185,150

$151,340

$33,810

The West Division of Shekarchi Corporation had average operating assets of $658,000 and net operating income of $147,000 in March. The minimum required rate of return for performance evaluation purposes is 23%.

Explanation / Answer

Answer: C $151340

Minimum Required Return = Average Operating Assets*Minimum required rate of Return Average Operating Assets $658,000 Minimum required rate of Return 23% Minimum Required Return = $658000*23% $151,340

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