Question
The following data pertains to Timmins Companys operations last year: Return on investment (ROI).. 20% Sales. $800,000 Margin... 5% Minimum required rate of return 16%
The following data pertains to Timmins Companys operations last year:
| Return on investment (ROI).. | 20% |
| Sales. | $800,000 |
| Margin... | 5% |
| Minimum required rate of return | 16% |
Please provide below:
A. Compute the companys average operating assets.
B. Compute the companys residual income for the year.
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, Kung Chen, Thomas Lin
1st Edition
0070059160, 978-0070059160
