A company which favours the residual income approach to financial performance evaluation wants managers to...
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Accounting
A company which favours the residual income approach to financial performance evaluation wants managers to ________.
| a. | concentrate on maximizing an absolute amount of dollars of residual income as opposed to a percentage yield as is the case with return on investment measure | |
| b. | concentrate on maximizing a percentage return in excess of the cost of capital | |
| c. | maximize the investment turnover ratio | |
| d. | maximize return on sales | |
| e. | None of the answers. |
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