Question: show work Iris Corp. has the following operating data for the past 2 years: Year 2 35% Return on Investment Residual Income Required Rate of

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Iris Corp. has the following operating data for the past 2 years: Year 2 35% Return on Investment Residual Income Required Rate of return Average operating assets Year 10% $600| 8% ? 10% $42.000 Sales in year 2 is $60,000 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 (for example, if the answer is 64%, key in "0.64") A.)

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