Solved: Abc inc has following information available for one of its, Accounting Basics

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Abc inc has following information available for one of its

Problem - ABC Inc. has the following information available for one of its divisions:

Average operating assets - $5 000 000

Return on investment (ROI) - 60%

Sales - $8 000 000

If ABC requires a minimum return on its investments of 30 per cent, what is their residual income?

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Accounting Basics: Abc inc has following information available for one of its

Reference No:- TGS02367300

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Accounting Basics: Abc inc has following information available for one of its

Reference No:- TGS02367300

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