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Use the following information to answer Ouestions 22 through A division evaluated as an investment center reports sales of $250,000 and net income of $50,000.

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Use the following information to answer Ouestions 22 through A division evaluated as an investment center reports sales of $250,000 and net income of $50,000. Average invested assets are $500,000, and the center sets target net income at 8% of divisional assets. 22. Return on investment is A 50% B. 20% C. 10% D. 8% 23. Residual income is A. $30,000 B. $16,000 C. $10,000 D. $4,000 24. Profit margin is A. 50% B. 20% C. 10% D. 8% 25. Investment turnover is A. 10.0 B. 2.0 C. 0.5 D. 0.1

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