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A business whose investors require a return on investment of 20% reports an income of $6 million on an investment of $28 million. Requirement
A business whose investors require a return on investment of 20% reports an income of $6 million on an investment of $28 million. Requirement What is the residual income for this business? Select the formula and solve for residual income. (Enter amounts in dollars and not in millions. Use a minus sign or parentheses for a residual loss.) Residual income (loss) =
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