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Given the following data: Return on investment 22% Turnover 2.6 Margin 8% Sales $110,000 Average operating assets $40,000 Minimum required rate of return 16% The
Given the following data: Return on investment 22% Turnover 2.6 Margin 8% Sales $110,000 Average operating assets $40,000 Minimum required rate of return 16% The residual income would be: $2,400 $0 $5,600 $8,800
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