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Given the following data: Return on investment 29% Turnover 2.9 Margin 9% Sales $290,000 Average operating assets $90,000 Minimum required rate of return 16% The
Given the following data:
Return on investment 29%
Turnover 2.9
Margin 9%
Sales $290,000
Average operating assets $90,000
Minimum required rate of return 16%
The residual income would be? :
$20,300
$18,000
$11,700
$0
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