Voorhees, Inc. reports the following financial information. Average operating assets ....... $3,000,000 Controllable margin ........ $ 600,000

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Voorhees, Inc. reports the following financial information.
Average operating assets ....... $3,000,000
Controllable margin ........ $ 600,000
Minimum rate of return ...... 9%
Compute the return on investment and the residual income.

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Question Posted: Mar 01, 2012 11:37 PM

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Voorhees, Inc. reports the following financial information. Average operating assets ....... $3,000,000 Controllable margin ........ $ 600,000

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