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Operating data from a Company for last year follows: Sales $806,000 Stockholders equity $547,000 Return on investment 20% Average operating assets ? Turnover 1.30 Residual
Operating data from a Company for last year follows: Sales $806,000 Stockholders equity $547,000 Return on investment 20% Average operating assets ? Turnover 1.30 Residual income ? Minimum required rate of return 17% Total assets $790,000 The average operating assets amounted to which answer below: $547,000 $790,000 $620,000 $395,000
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