Barrera Corporation provides the following financial information:

Calculate the target rate of return.(Round your answer to two decimal places. )

Name: Barrera Corporation provides the following financial information: Calculate the target rate of return.(Round your answer to two decimal places. )
Brand: Quizplus
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Question

Barrera Corporation provides the following financial information:

Calculate the target rate of return.(Round your answer to two decimal places. )

Quizplus · Accepted Answer

A)Minimum acceptable operating income = Target rate of return × Average total assets
Target rate of return = Minimum acceptable operating income / Average total assets = $556,600 / $2,000,000 = 27.83%

Barrera Corporation Provides the Following Financial Information