Chio Homework is 3ryed M10-9 (Algo) Calculating Return on Investment, Residual Income [LO 10-4, 10-5]...
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Chio Homework is 3ryed M10-9 (Algo) Calculating Return on Investment, Residual Income [LO 10-4, 10-5] 1 points esiook Augusta Corporation's Goif Division has sales of $206,000, cost of goods sold of $116,000, operating expenses of $41,000, average invested assets of $916,000, and a hurdle rate of 13.00 percent. Calculate the Golf Division's retum on investment and its residual income. Note: Enter loss amount with a minus sign. Enter your ROl answer as a percentage rounded to two decimal places, (l.e., 0.1234 should be entered as 12.34% ). Round your Residual income (Loss) answer to the nearest whole dollar
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