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QUESTION
joseph Company reported the following information for the current year: Sales$787,000 Average Operating Assets$375,000 Desired ROI 12%Residual...
joseph Company reported the following information for the current year:
Sales$787,000 Average Operating Assets$375,000 Desired ROI 12%Residual Income$11,250
The company's operating income was:
Multiple Choice
- $94,440.
- $56,250.
- $45,000.
- $33,750.
