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Question - the following selected data pertain to the

Question - The following selected data pertain to the Argent Division for last year:

Sales $1,000,000

Variable Costs $624,000

Traceable Fixed Costs $100,000

Average Invested Capital $1,500,000

Imputed Interest Rate 15%

1. How much is residual income?

2. How much is the return on investment? Enter answer as percentage, rounded to two decimal places.

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Accounting Basics: Question - the following selected data pertain to the

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