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The following data pertains to Gilligan Company's operations last year: Return on investment (ROI) 18% Sales $7,500,000 Margin 6% Minimum required rate of return 15%
The following data pertains to Gilligan Company's operations last year: | |
Return on investment (ROI) | 18% |
Sales | $7,500,000 |
Margin | 6% |
Minimum required rate of return | 15% |
Required: | |
a. Compute the company's average operating assets. | |
b. Compute the company's residual income for the year. |
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