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The following data has been provided for a companys most recent year of operations: Return on investment 23 % Average operating assets $ 80,000 Minimum
The following data has been provided for a companys most recent year of operations:
| Return on investment | 23 | % | |
| Average operating assets | $ | 80,000 | |
| Minimum required rate of return | 15 | % | |
The residual income for the year was closest to:
A.$12,000
B. $17,400
C. $6,400
D. $16,100
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Why CISOs Fail Security Audit And Leadership Series
Authors: Barak Engel
2nd Edition
1032299258, 978-1032299259
