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Assume a company reported the following information: Sales $900,000 Minimum required rate of return on average operating assets 8.9% Turnover Return on investment (ROI)

Assume a company reported the following information: Sales $900,000 Minimum required rate of return on average operating assets 8.9% Turnover Return on investment (ROI) The residual income is closest to: $18,600. $16,600. $8,100. $22,600. 1.5 12%

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