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Performance Measurement Chapter 11 ROI and RI The following information was reported for the last year of the Everywhere Corporation. Sales $3,000,000 Net Operating Income
- Performance Measurement Chapter 11 ROI and RI
The following information was reported for the last year of the Everywhere Corporation.
Sales $3,000,000
Net Operating Income $250,000
Average Operating assets $1,500,000
Required Rate of return 15%
Compute the following:
- Return on Investment (ROI)
- Residual Income (RI)
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