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22. The Southern Division of the Jigsaw Company reported the following data for last year: Sales................ $800,000 Operating expenses $690,000 Stockholders' equity...... $250,000 Average operating

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22. The Southern Division of the Jigsaw Company reported the following data for last year: Sales................ $800,000 Operating expenses $690,000 Stockholders' equity...... $250,000 Average operating assets ....... ..$400,000 Minimum required rate of return 14% Required: a. The return on investment last year for the company. b. The residual income for the company last year

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