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Joseph Company reported the following information for the current year: Sales $ 799,000 Average Operating Assets $ 387,000 Desired ROI 12 % Residual Income $
Joseph Company reported the following information for the current year:
| Sales | $ | 799,000 | |
| Average Operating Assets | $ | 387,000 | |
| Desired ROI | 12 | % | |
| Residual Income | $ | 11,850 | |
The company's operating income was:
Multiple Choice
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$46,440.
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$95,880.
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$58,290.
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$34,590.
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CISA Certified Information Systems Auditor Bundle
Authors: Peter H. Gregory
1st Edition
1260459861, 978-1260459869
