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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 940,000 Net operating income $ 83,000 Average operating assets $ 440,000
The following data are for the Akron Division of Consolidated Rubber, Inc.:
| Sales | $ | 940,000 |
| Net operating income | $ | 83,000 |
| Average operating assets | $ | 440,000 |
| Stockholders' equity | $ | 94,000 |
| Residual income | $ | 34,000 |
For the past year, the minimum required rate of return was:
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Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors
Authors: Nwabueze Ohia
1st Edition
1973136260, 978-1973136262
