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Problem III Miracle Inc. had the following niforn'mtion pertaining to 2021: Prot P 100,000 Sales P 1,000,000 Asset Turnover ratio 2 times The desired minimum

Problem III Miracle Inc. had the following niforn'mtion pertaining to 2021: Prot P 100,000 Sales P 1,000,000 Asset Turnover ratio 2 times The desired minimum rate of return is 15 percent. Required: 12. What is the R01? 13. What is the return on sales? 14. What is the amount of assets? 15. The manager of Miracle is paid a bonus based on ROI. Would the manager invest in a project that will pay,' a return on investment of 18 percent? Why? 16. What is Miracle's residual income

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