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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: |
here are the choices, please show calculation? Ive gotten two different answers so far. none of which are below. please. thanks
$0
$12,000
$13,200
$16,800
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Lawrence A. Tomassini
4th Edition
0072994029, 9780072994025
