Multiple Choice
Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%. The operating (pretax) income was:
A) $30,500
B) $192,500
C) $35,000
D) $16,250
Correct Answer:
Verified
Correct Answer:
Verified
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