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Operating income
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A Co. reported the following information for 2003.
Sales $787,000
Average Operating Assets $375,000
Desired ROI 12%
Residual Income $11,250
The Co. operating income for 2003 was: a) $94,440 b)$33,750 c)$45,000 d)56,250
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The solution contains calculation of operating income.
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