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The Philco Pharmaceuticals Division recorded data as follows for the past vear: Ror=AverageOperatingAssetsOperatingIncome RI=OperatingIncome-MinimumrequiredRORAAverageOperatingAssets Required - Calculate the RI for this opportunity and indicate whether

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The Philco Pharmaceuticals Division recorded data as follows for the past vear: Ror=AverageOperatingAssetsOperatingIncome RI=OperatingIncome-MinimumrequiredRORAAverageOperatingAssets Required - Calculate the RI for this opportunity and indicate whether it will be accepted or rejected if management is evaluated using R1. Explain your answer. ( 3 marks)

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