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Sterling, Inc. reports the following financial information for its sports clothing segment. Average operating assets , $ 2 , 9 4 2 , 0 0

Sterling, Inc. reports the following financial information for its sports clothing segment.

Average operating assets

,

2, 942, 000

Controllable margin $

617, 820

Minimum rate of return

8 %

Compute the return on investment and the residual income.

Return on investment

%

Residual income

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