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Problem 5-17: Stale-Mart is an established chain of more than 100 department stores. Joan Chris is the district manager of eight stores in the Denver

Problem 5-17: Stale-Mart is an established chain of more than 100 department stores. Joan Chris is the district manager of eight stores in the Denver area. She is considering opening a new store in an upscale part of Denver because of the age of some of the existing stores. Using other pertinent data from the problem, complete the following: o Calculate the return on total investment and residual income for the Broadway and Horse Falls stores.

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