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Management has set a minimum required rate of return on

Montana Company has reported the following results for last year's operations:

Sales	$50,000,000
Net operating income	6,000,000
Average operating assets	20,000,000

Required:

a) Compute Montana's margin, turnover, and ROI

b) Management has set a minimum required rate of return on average operating assets of 25%. What is the residual income for the year?

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Financial Accounting: Management has set a minimum required rate of return on

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