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Use the Hamilton Company's investment center information below to calculate (a) return on investment and (b) investment center residual income. Income $ 315,900 Average Assets
Use the Hamilton Company's investment center information below to calculate (a) return on investment and (b) investment center residual income.
| Income | $ 315,900 |
|---|---|
| Average Assets | $ 2,100,000 |
| Target Net Income | 6% of average assets |
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
