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The following financial data are for the evaluation of performance for Far North Logging Average operating assets Net operating income Minimum required rate of return
The following financial data are for the evaluation of performance for Far North Logging Average operating assets Net operating income Minimum required rate of return $797,000 99,625 1196 Far North Logging currently uses ROI to evaluate investment centre managers. An accounting intern from the local university suggested to the controller that residual income may be a better performance measure. Calculate ROI for Far North Logging. (Round answers to 2 decimal places, eg, 15.24%.) ROI LINK TO TEXT Calculate residual income for Far North Logging. (Round dollar answers to 0 decimal places, e.g. 5,275.) Residual income
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