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Interest and taxes: Interest expense Tax expense Net income $ 113,000 194,000 307,000 $ 323,300 The company paid dividends of $198,300 last year. The
Interest and taxes: Interest expense Tax expense Net income $ 113,000 194,000 307,000 $ 323,300 The company paid dividends of $198,300 last year. The "Investment in Buiss in the stock of another company. The company's minimum required rate of re Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) fo decimal places.) 3. What was the company's residual income last year? Answer is not complete. 1. Average operating assets 2. Margin 2. Turnover $ 2,575,500 x 7.69 % 2. ROI 82.00% 3. Residual income S 244,050
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