Joseph Company Reported the Following Information for the Current Year$\begin{array}{llr}
\text {Sales } &\$800,000\
\text { Average operating assets} &\$388,000\
\text { Desired ROI } &13\%\
\text { Residual income } &\$11,900
\end{array}$

Question

Joseph Company Reported the Following Information for the Current Year$\begin{array}{llr}
  \text {Sales  } &\$800,000\
 \text {  Average operating assets} &\$388,000\
 \text { Desired ROI } &13\%\
 \text { Residual  income } &\$11,900
\end{array}$

Examlex · Accepted Answer

The Answer of Joseph Company Reported the Following Information for the Current Year$\begin{array}{llr}
  \text {Sales  } &\$800,000\
 \text {  Average operating assets} &\$388,000\
 \text { Desired ROI } &13\%\
 \text { Residual  income } &\$11,900
\end{array}$

Joseph Company Reported the Following Information for the Current Year

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