Problem

Return on investment and residual incomeRequiredSupply the missing information in the foll...

Return on investment and residual income

Required

Supply the missing information in the following table for Ren Company.

Sales

$396,000

ROI

?

Operating assets

?

Operating income

?

Turnover

2.2

Residual income

?

Margin

0.13

Desired rate of return

18%

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