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Kurtz Logistics provides the following information: Operating income $1,500,000 Net sales $13,000,000 Average total assets $1,800,000 Management's target rate of return 25% What is the
Kurtz Logistics provides the following information:
| Operating income | $1,500,000 |
| Net sales | $13,000,000 |
| Average total assets | $1,800,000 |
| Management's target rate of return | 25% |
What is the company's residual income (RI)?
| a. $1,050,000 | ||
| b. $(900,000) | ||
| c.$(450,000) | ||
| d.$950,000 |
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Principles Of Auditing: An International Perspective
Authors: Rick Stephan Hayes, Philip Wallage, Arnold Schilder, Roger Dassen
1st Edition
0077095324, 978-0077095321
