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Howard Has an ROI of 16% Based on Revenues of $400,000.The

Question 50

Multiple Choice

Howard has an ROI of 16% based on revenues of $400,000.The investment turnover is 2.What is the residual income if the cost of capital is 9%?

A) $64,000
B) $36,000
C) $4,000 negative
D) $14,000

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