Question: I Corp. has the following operating data for the past 2 years: Year 1 Year 2 Return on Investment 10% 15% Residual Income $600 ?

I Corp. has the following operating data for the past 2 years: Year 1 Year 2 Return on Investment 10% 15% Residual Income $600 ? Required Rate of return 8% 10% Average operating assets ? $41,000 Sales in year 2 is $61,000 more than sales in year 1. The Company had the same capital turnover in both years. Q:) What is the sales margin in Year 2? Use two decimal places in the answer

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