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Homework answers / question archive / Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; @5 $4,525,000; @5 @5 goods sold of $2,550,000; and operating expenses of $1,322,000

Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; @5 $4,525,000; @5 @5 goods sold of $2,550,000; and operating expenses of $1,322,000

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Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; @5 $4,525,000; @5 @5 goods sold of $2,550,000; and operating expenses of $1,322,000. Assume a target income @5 10% of average invested assets. 
Compute residual income for the division: 
The investment center profit margin is: 
Select I 
The investment turnover is: 
Select I 
 

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