Answered: Your Company's residual income was…

Your Company's residual income was $8,500. Net income was $170,000 and average operating assets were $850,000. What was the expected return percentage? Group of answer choices 17% 21% 19% 18% 20%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Your Company's residual income was $8,500. Net income was $170,000 and average operating assets were $850,000. What was the expected return percentage?

Group of answer choices

17%

21%

19%

18%

20%

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