Question: E13.3. Calculating Abnormal Operating Income Growth (Easy) Here are summary numbers from a firm's financial statements (in millions): 2006 2007 2008 2009 Operating income 187.00
E13.3. Calculating Abnormal Operating Income Growth (Easy) Here are summary numbers from a firm's financial statements (in millions): 2006 2007 2008 2009 Operating income 187.00 200.09 214.10 229.08 Net operating assets 1,214.45 1,299.46 1,390.42 1,487.75 The required return for operations is 10.1 percent. Calculate abnormal operating income growth for each year 2007-2009.
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