Multiple Choice
Match Corporation has provided the following information:
Total assets: $200,000
Profit margin: 10%
Turnover: .20
Minimum acceptable return: 12%
Operating income: $30,000
What is Match's residual income?
A) $4,000
B) $6,000
C) $10,000
D) $24,000
Correct Answer:
Verified
Correct Answer:
Verified
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