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2 MCQ , , , , The following data has been provided for a company's most recent year of operations: Return on investment 22% Average

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The following data has been provided for a company's most recent year of operations: Return on investment 22% Average operating assets $ 40, 000 Minimum required rate of return 16% The residual income for the year was closest to: Multiple Choice O $5,600 O $7,800 O $8.800 O $2,400

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