Payne Company reported the following information for the current year Sales Average Operating Assets Desired...
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Payne Company reported the following information for the current year Sales Average Operating Assets Desired ROI Net Income $920,000 $420,000 13% 62,000 The company's residul income was: Multiple Choice $54,600 $10,400 $7,400. $3,000 The Electronics Division of Anton Company reports the following results for the current year Revenues Operating expenses Operating income Operating assets $436,000 $392,000 $ 44,000 $540,000 Anton Company has set a target return on investment (RO) of 10% for the Electronics Division. The Electronic Division's return on investment is: Multiple Choice 1122%. 1000% 815%
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