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Robichau Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $6,380,000 4,938,00
Robichau Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $6,380,000 4,938,00 1,37e,eee 883,000 $ 567,680 $3,000,000 At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $1,53e, eae 30% of sales $ 396,000 The company's minimum required rate of return is 20%. Last year's residual Income was closest to Multiple Choice $56700 $59700 o o o o $33.000) $6AG,700
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