Question

Results from Percy Corporation’s most recent year of operations is presented in the ­following table:
Operating income.......................................... $ 8,060
Total assets..................................................... $ 15,500
Current liabilities............................................ $ 4,000 Sales............................................................... $ 31,000
Target rate of return....................................... 15%

Requirements
1. Calculate the sales margin, capital turnover, and return on investment (ROI).
2. Calculate the residual income (RI).



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  • CreatedAugust 27, 2014
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