Question
For the year ended 2019, Bunso Company recorded the following: DESCRIPTION AMOUNT Residual Income P 268,750 Average Operating Assets P 2,500,000 Net Operating Income P
For the year ended 2019, Bunso Company recorded the following:
| DESCRIPTION | AMOUNT |
| Residual Income | P 268,750 |
| Average Operating Assets | P 2,500,000 |
| Net Operating Income | P 700,000 |
| Turnover | 2.00 times |
Required:
Determine the following:
(a) Minimum required rate of return =
(b) Margin =
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Lease Audits The Essential Guide
Authors: Theodore H Hellmuth
1st Edition
0934055041, 978-0934055048
