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Delta Manufacturing Company earned residual income of $37544 during the year 2023. The net profit was $158918 during the year and the cost of capital
Delta Manufacturing Company earned residual income of $37544 during the year 2023. The net profit was $158918 during the year and the cost of capital was 11.1 per cent. Compute Delta's return on investment for the year 2023. (Present the final answer as a percentage, to 2 decimal places.)
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
