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Given the following data: Return on investment 25% Turnover 3.3 Margin 10% Sales $180,000 Average operating assets $72,000 Minimum required rate of return 17% The
Given the following data: |
Return on investment | 25% |
Turnover | 3.3 |
Margin | 10% |
Sales | $180,000 |
Average operating assets | $72,000 |
Minimum required rate of return | 17% |
The residual income would be: |
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