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Coral has a profit margin of 14% based on revenues of $500,000, and investment turnover is 2. What is the residual income when the
Coral has a profit margin of 14% based on revenues of $500,000, and investment turnover is 2. What is the residual income when the cost of capital is 10%? Multiple Choice $70,000 $25,000 $50,000 $45,000
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