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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 860,000 Net operating income $ 56,000 Average operating assets $ 360,000
The following data are for the Akron Division of Consolidated Rubber, Inc.:
| Sales | $ | 860,000 |
| Net operating income | $ | 56,000 |
| Average operating assets | $ | 360,000 |
| Stockholders' equity | $ | 86,000 |
| Residual income | $ | 26,000 |
For the past year, the margin used in ROI calculations was:
Multiple Choice
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6.51%
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9.18%
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10.00%
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9.53%
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Audit And Assurance Q And A 2019
Authors: ACA Simplified
1st Edition
1792949863, 978-1792949869
