Question: Agee, Inc. reports the following financial information. Average operating assets ... $3,000,000 Controllable margin ...... $ 600,000 Minimum rate of return ........ 9% Compute the

Agee, 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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