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Current Attempt in Progress Sarasota, Inc. reports the following financial information for its sports clothing segment. Average operating assets , $ 2 , 9 9

Current Attempt in Progress

Sarasota, Inc. reports the following financial information for its sports clothing segment.

Average operating assets

,

2, 997, 000

Controllable margin $

659, 340

Minimum rate of return

9 %

Compute the return on investment and the residual income for the segment.

Return on investment

%

Residual income

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