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question use the following information to compute residual income 32 160 10 800 50 7 4282281

Question

Use the following information to compute residual income:

$32,160.

$10,800.

$50,700.

$10,200.

 

 

 

 

 

Sales

$

338,000

 

 

Operating income

$

51,000

 

 

Average current assets

$

268,000

 

 

Cost of capital

 

12

%

 

Return on investment

 

15

%

 


         

 

 

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