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The following data has been provided for a companys most recent year of operations: Return on investment 36 % Average operating assets $ 75,000 Minimum
The following data has been provided for a companys most recent year of operations:
| Return on investment | 36 | % | |
| Average operating assets | $ | 75,000 | |
| Minimum required rate of return | 19 | % | |
The residual income for the year was closest to:
Multiple Choice
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$12,750
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$26,000
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$19,500
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$24,300
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IATF 16949 2016 Plus ISO 9001 2015 Audit Guide And Checklist With ISO 9001 Customer Specific Core Tools And CQI Requirments
Authors: Patrick Ambrose, Systemsthinking .works
2nd Edition
154703355X, 978-1547033553
