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Larson Worsell Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Foxed expenses Net operating Income Average operating assets $11,000,000
Larson Worsell Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Foxed expenses Net operating Income Average operating assets $11,000,000 8.200.000 2,800,000 2.360,000 $440,000 $5,000,000 The company's minimum required rate of return is 10%. Last year's residual income was closest to
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