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WOW Company has the following information for its 2021 fiscal period: Sales $650,000 Operating Income $325,000 Shareholders' Equity $610,000 Average Operating Assets $880,000 Minimum Required

WOW Company has the following information for its 2021 fiscal period: Sales $650,000 Operating Income $325,000 Shareholders' Equity $610,000 Average Operating Assets $880,000 Minimum Required Rate of Return 25% Gross profit rate 35% Required: What is WOW s residual income?Briefly explain your findings. (5 marks) What is WOW s return on investment (ROI)?Briefly explain your findings. (5 marks) Explain responsibility centres and provide an example for each centre? (10 marks

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