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urrent Attempt i n Progress Sheridan Company had the following results during the most recent year: sales $ 5 5 0 , 0 0 0

urrent Attempt in Progress
Sheridan Company had the following results during the most recent year: sales $550,000; residual income $4,400; investment
turnover 2.50; and a required rate of return of19%.
(a)
Calculate the total
assets.
(b) Calculate Operating (pretax) income
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