Help Save & Exit Submit Robichau Inc. reported the following results...
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Help Save & Exit Submit Robichau Inc. reported the following results from last year's operations: Sales $6, 300, 000 4,930,000 1,37e, eee Variable expenses Contribution margin -5:43 Fixed expenses 803,000 Net operating income $ 567,eee Average operating assets $3,000, eee At the beginning of this year, the company has a $900.000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $1,530, e00 30% of sales 36,66 The company's minimum required rate of return is 20%. If the company pursues the investment opportunity. this year's combined residual income for the entire company will be closest to: Multiple Choice
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