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The Jenkins Division recorded operating data as follows for the past year: Sales Net operating income.. Average operating assets. Stockholders' equity.. Residual income $600,000 $30,000
The Jenkins Division recorded operating data as follows for the past year: Sales Net operating income.. Average operating assets. Stockholders' equity.. Residual income $600,000 $30,000 $200,000 $50,000 $14,000 For the past year, the minimum required rate of return was: 7% 8% 16% 14%
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