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Lincoln, Inc. provided the following information: Operating income $1,500,000 Net sales $13,500,000 Average total assets $2,000,000 Target rate of return 25% What is the firm's

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Lincoln, Inc. provided the following information: Operating income $1,500,000 Net sales $13,500,000 Average total assets $2,000,000 Target rate of return 25% What is the firm's return on investment (ROI? (Round answer to two decimal places.) OA 1 11.11% B. 25.00% C. 14.81% D. 75.00% Carson, Inc. provided the following information: Operating income $1,500,000 Net sales $14,000,000 Average total assets $2,000,000 Target rate of return 25% What is the firm's asset turnover ratio? (Round answer to two decimal places.) OA. 12.44 OB. 4.48 C. 7.00 D. 4.00 Concord, Inc. provided the following information: Operating income $ 1,500,000 Net sales $14,000,000 Average total assets $ 2,000,000 Minimum target rate of return 30% What is the firm's residual income? A. $600,000 B. $900,000 OC. $1,550,000 D.$500,000

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