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Determine the return on investment and the residual income

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Reference no: EM132520170

Voorhees, Inc. reports the following ?nancial information.

Average operating assets          Controllable margin           Minimum rate of return

$3,000,000                                     $ 660,000                           10%

Question 1: Compute the return on investment and the residual income.

Reference no: EM132520170

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