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Chapter 10 Assignment Augusta Corp's Golf Division has sales of $206,000, cost of goods sold of $116,000, operating expenses of $41,000, average invested assets of
Chapter 10 Assignment Augusta Corp's Golf Division has sales of $206,000, cost of goods sold of $116,000, operating expenses of $41,000, average invested assets of $916,000, and a hurdle rate of 13.00 percent. Calculate the Golf Division's return on investment and its residual income (Enter loss amount with a minus sign. Enter your ROI answer as a percentage rounded to two decimal places, e., 0.1234 should be entered as 12.34%). Round your Residual income (Loss) answer to the nearest whole dollar) Return on investment (RON) Residual income (Loss)
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