If net operating income is $43,000, average operating assets are $215,000, and the minimum required...
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If net operating income is $43,000, average operating assets are $215,000, and the minimum required rate of return is 13%, what is the residual income? Multiple Choice $15.050 $12,900 $27.950 $58.050 Cabell Products is a division of a major corporation. Last year the division had total sales of $25,060.000, net operating income of $1.503.600, and average operating assets of $7.518,000. The company's minimum required rate of return is 19%. The division's return on investment (RO) is closest to: Multiple Choice 6,0% 300% 20.0%
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