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Crawford Corp. has an ROI of 15% and a residual income of $10,000. If operating...

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Accounting

Crawford Corp. has an ROI of 15% and a residual income of $10,000. If operating income equals $30,000, what is the amount of average invested assets?

$200,000

$66,667

$450,000

$150,000

Answer & Explanation Solved by verified expert
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