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Use the following information to compute residual income: Sales $ 338,000 Operating income $ 51,000 Average current assets $ 268,000 Cost of capital 12 %
Use the following information to compute residual income:
Sales | $ | 338,000 | ||
Operating income | $ | 51,000 | ||
Average current assets | $ | 268,000 | ||
Cost of capital | 12 | % | ||
Return on investment | 15 | % | ||
|
$32,160.
$10,800.
$50,700.
$10,200.
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