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7. PT Corporation had $935,000 in invested assets, sales of $1,175,000, income from operations amounting to $134,000, and a desired minimum return of 10%. The

7. PT Corporation had $935,000 in invested assets, sales of $1,175,000, income from operations amounting to $134,000, and a desired minimum return of 10%. The residual income for PT is a. $13,400 b. $117,500 c. $40,500 d. $16,500

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