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Data for Taylor Company. 1. Sales = $400,000, Operating Assets = $100,000, Net Operating Income = $20,000. a. Calculate margin, b. Calculate turnover, c.
Data for Taylor Company. 1. Sales = $400,000, Operating Assets = $100,000, Net Operating Income = $20,000. a. Calculate margin, b. Calculate turnover, c. Calculate return on investment. SHOW WORK. 2. Operating assets = $400,000. Required minimum return on investment = 10%. Net operating income = $42,000. a. Calculate residual income. SHOW WORK.
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
2nd edition
73396958, 978-0077630461, 77630467, 978-0073396958
