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Mow Yur Lawns is a major corporation with the following data from last year:
Sales $20,000,000
Net Operating Income $2,000,000
Jan 1st Operating Assets $8,000,000
Dec 31st Operating Assets $10,000,000
Required minimum rate of return 15%
Question 1: What is the company's return on investment (ROI)?
Question 2: What is the company's residual income
The company's balance sheets and income statement follow. Prepare a statement of cash flows in good form.
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