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1. Kristen Roper oversees her company's largest and most profitable investment center. She has asked you, as her staff accountant, to compute the center's ROI,
1. Kristen Roper oversees her company's largest and most profitable investment center. She has asked you, as her staff accountant, to compute the center's ROI, residual income, and EVA for the month of August 2014, using the following information (rounded to two decimal places): August 2014 Pretax operating income $300,000 August 2014 sales 450,000
Assets at July 31, 2014 500,000
Assets at August 31, 2014 510,000
August 2014 income taxes 90,000
Current liabilities at August 31, 2014 250,000 Cost of capital 19%
Desired ROI
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