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...... Given the following data: Return on investment 40% Turnover 3.5 Margin 12% Sales $200,000 Average operating assets $60,000 Minimum required rate of return 18%
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| Given the following data: |
| Return on investment | 40% |
| Turnover | 3.5 |
| Margin | 12% |
| Sales | $200,000 |
| Average operating assets | $60,000 |
| Minimum required rate of return | 18% |
| The residual income would be?
what would residual income be? and breakdown of calculation? ? |
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
