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Leete Inc. reported the following results from last year's operations: Sales 18,000,000 Variable expenses 11,500,000 Contribution margin 6,500,000 Fixed expenses 5,400,000 Net operating income 1,100,000

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Leete Inc. reported the following results from last year's operations: Sales 18,000,000 Variable expenses 11,500,000 Contribution margin 6,500,000 Fixed expenses 5,400,000 Net operating income 1,100,000 Average operating assets were $7,000,000. It's minimum required return was 8%. 1. What is the company's margin percentage? 2. What is the company's turnover? 3. What is the company's return on investment? 4. What is the company's residual income? Enter your answers in the same order as above. N

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