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A CPA is reviewing a client's financial information. She wants you to calculate the company's profit margin, turnover, return on investment, and residual income? You
A CPA is reviewing a client's financial information. She wants you to calculate the company's profit margin, turnover, return on investment, and residual income? You should insert a table to show your calculations. Income Statement Sales $ 414,000 Less operating expenses 351,900 Net operating income 62.100 Less interest and taxes: Interest expense $ 30,000 Tax expense 10,000 40,000 $ 22,100 Net income The company has operating assets of $230,000 and a minimum required return on investment of 20%
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