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Business, 09.07.2019 05:20 missalawode28

The following data pertains to the retail division of motor express: sales $700,000 invested capital 200,000 net operating profit after taxes 49,000 noninterest-bearing current liabilities 20,000 the minimum rate of return specified by motor express is 12 percent and the cost of capital is 8 percent. how much is residual income?

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