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Chapter 11: Applying Excel Data Sales $42,000,000 Net operating income $2,520,000 Average operating assets $14,000,000 Minumum required rate of return 10% a. What is the
Chapter 11: Applying Excel | |
Data | |
Sales | $42,000,000 |
Net operating income | $2,520,000 |
Average operating assets | $14,000,000 |
Minumum required rate of return | 10% |
a. What is the ROI?
b. What is the residual income? (Negative amount should be indicated by a minus sign.)
c. Why is the residual income positive?
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