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Selected financial data last year follows: net operating income $254,450 sales $2,500,000 Avg. operating assets $1,775,725 required - a) compute companys ROI showing profit margin
Selected financial data last year follows:
net operating income $254,450
sales $2,500,000
Avg. operating assets $1,775,725
required -
a) compute companys ROI showing profit margin and asset turnover for last year
b) the BOD has set a minimum required return of 14%. what was the company's residual income last year?
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