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Question 1 2 pts Copr., Goedl SuperStore reported the following financial data for the most recent year end. Sales, $180,000; operating expenses $150,000; average operating
Question 1 2 pts Copr., Goedl SuperStore reported the following financial data for the most recent year end. Sales, $180,000; operating expenses $150,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 15% return on investments. The company is considering investing in a new cell phone vending machine that would cost $25,000. The vending machine should generate an additional $19,000 in sales revenue and cost approximately $14,500 to operate. How much is residual income for the potential vending machine investment? $7,500 $750 $3,750 $4,500 Question 2 2 pts Copr., Goedl Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 12% return on investments. What is the profit margin ratio? 11.11% 18% 13.33% 1.2
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