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Your Company reported the following information for the current year: - Sales of $950,000 - Average Operating Assets of $450,000 - Desired ROI 14% -

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Your Company reported the following information for the current year: - Sales of $950,000 - Average Operating Assets of $450,000 - Desired ROI 14% - Net income $65,000 Required: 1. Compute the company's residual income. Show work. 2. Discuss residual income as it relates to managerial accounting and what you have learned in this course. What does it measure and how do managers use this information

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