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Division A of ABC Company reported the following information for the most recent year: Turnover ................................ 5 Residual income ......................... $148,000 Minimum required rate of
Division A of ABC Company reported the following information for the most recent year: Turnover ................................ 5 Residual income ......................... $148,000 Minimum required rate of return ......... 15% Margin .................................. 7% Calculate the average operating assets reported by Division A during the most recent year.
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