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  3. sterling, inc. reports the following financial inf

Sterling, Inc. reports the following financial information for its sports clothing segment. Average...

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Question

Accounting

Sterling, Inc. reports the following financial information for its sports clothing segment.
Average operating assets ,$2,942,000
Controllable margin $617,820
Minimum rate of return
8%
Compute the return on investment and the residual income.
Return on investment
%
Residual income
$
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