Given the following information for Mako Company please answer the following questions: ...
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Accounting
Given the following information for Mako Company please answer the following questions:
| Sales | $500,000 |
| Turnover | 3 |
| Margin | 0.15 |
| Desired Rate of Return | 20% |
What is the Residual Income?
Multiple Choice
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$25,000.
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$41,666
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$66,667
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$91,667
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