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The following data pertain to Turk Company's operations last year: Sales $ 900,000 Net operating income $ 36,000 Contribution margin $ 150,000 Average operating assets
The following data pertain to Turk Company's operations last year:
| Sales | $ | 900,000 |
| Net operating income | $ | 36,000 |
| Contribution margin | $ | 150,000 |
| Average operating assets | $ | 180,000 |
| Stockholders' equity | $ | 100,000 |
| Plant, property, & equipment | $ | 120,000 |
| If the residual income for the year was $9,000, the minimum required rate of return must have been: | ||
| A. | 15% | |
| B. | 36% | |
| C. | 4% | |
| D. | 20% |
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Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis
Authors: Bankim Chandra Pandey
1st Edition
1973352516, 978-1973352518
