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The following data has been provided for a companys most recent year of operations: Return on investment 24 % Average operating assets $ 70,000 Minimum
The following data has been provided for a companys most recent year of operations:
| Return on investment | 24 | % | |
| Average operating assets | $ | 70,000 | |
| Minimum required rate of return | 19 | % | |
The residual income for the year was closest to:
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Statistical Audit Automation Applying Computer Assisted Audit Techniques
Authors: Edward J. Winslow
1st Edition
1973281015, 978-1973281016
