The following data pertain to Turk Company's operations last year: Sales $ 900,000 Net operating income $ 36,000 Contribution ma
rgin $ 150,000 Average operating assets $ 180,000 Stockholders' equity $ 100,000 Plant, property, & equipment $ 120,000 If the residual income for the year was $9,000, the minimum required rate of return must have been: Multiple Choice 15% 4% 20% 36%
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