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Howard has an ROi of 25% based on revenues of $404,000. The investment turnover is...

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Accounting

Howard has an ROi of 25% based on revenues of $404,000. The investment turnover is 2. What is the residual income if the cost of capital is 17%?

a. $101000 b. $68680 c. $16160 d. ($6160)

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