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Brief Exercise 10-11 Sterling, Inc. reports the following financial information for its sports clothing segment. Average operating assets Controllable margin Minimum rate of return $2,930,000

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Brief Exercise 10-11 Sterling, Inc. reports the following financial information for its sports clothing segment. Average operating assets Controllable margin Minimum rate of return $2,930,000 $703,200 7 % Compute the return on investment and the residual income. Return on investment Residual income

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