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Given the following information for Mako Company please answer the following questions: Sales $500,000 Turnover 3 Margin 0.15 Desired Rate of Return 20% What is

Given the following information for Mako Company please answer the following questions:

Sales

 $500,000
Turnover

3

Margin

 0.15

Desired Rate of Return

 20%

What is the Residual Income?

Multiple Choice

  • $25,000.

  • $41,666

  • $66,667

  • $91,667

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