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A department has $400,000 in invested assets. The company expects a minimum of 20% return on investment. If the company has $160,000 in operating income,
A department has $400,000 in invested assets. The company expects a minimum of 20% return on investment. If the company has $160,000 in operating income, what was the amount of the residual income?
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Financial Accounting Reporting And Analysis
Authors: Jennifer Maynard
2nd Edition
0198745311, 9780198745310
