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Imboon Corp. has the following operating data for the past 2 years: Year 1 10% ? Year 2 Return on Investment 15% Residual Income $600
Imboon Corp. has the following operating data for the past 2 years: Year 1 10% ? Year 2 Return on Investment 15% Residual Income $600 Required Rate of return 8% 10% Average operating assets $42,000 Sales in year 2 is $60,000 more than sales in year 1. The Company had the same capital turnover in both years. Q: What is the sales margin in Year 2? Use two decimal places in the answer (for example, if the answer is 88%, key in "0.88"). AGE
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