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A company's invested capital is $13,000,000 and management has determined that the target rate of return on investment is 10%. Last year, the company produced
A company's invested capital is $13,000,000 and management has determined that the target rate of return on investment is 10%. Last year, the company produced 131,313 units and this year expects to units sales to be 10% above last year. The cost of the product is estimated to be $13 per unit. What is the target operating income per unit? (Round any intermediary calculations to the nearest unit and your final answer to the nearest cent.)
A) $9.00 | ||
B) $9.90 | ||
C) $13.00 | ||
D) $6.50 |
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