The ACCY Division of the COB Company requires an 8% rate of return. During a...
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Accounting
The ACCY Division of the COB Company requires an 8% rate of return. During a recent year ACCY had a net income of $1,190,000 and a residual income of $630,000. What was its ROI? Note: The answer should be stated as a number with two decimal places, not a percentage. For example, an answer of 25% should be entered as 0.25
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