Question 1.20 4 points Residual income is oftentimes a better measure for performance evaluation of...
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Accounting
Question 1.20 4 points Residual income is oftentimes a better measure for performance evaluation of an investment center manager than return on investment because: O only the gross book value of assets needs to be calculated O the problerms associated with measuring the asset base are eliminated O desirable investment decisions will not be rejected by divisions that already have a high ROl. O returns do not increase as assets are depreciated k Question 1.21 4 points USE THE FOLLOWING TO ANSWER QUESTIONS 21 THROUGH 24 The Mrs. Potts Division is segment of a large, multinational company. Mrs. Potts reported the following current year financial data. Sales were $16,640,000; net operating income was $399.360: and average operating assets were $4,000.000. The company's minimum required rate of return is 18%. Mrs. Potts margin is closest to: 240% 264% 100% 24%
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