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What is the company return on investment

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Reference no: EM132562579

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

Reference no: EM132562579

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