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A division of Corsig, Inc. had average operating assets of $2,600,000. The company requires a return on investment of at least 8%. The division earned

A division of Corsig, Inc. had average operating assets of $2,600,000. The company requires a return on investment of at least 8%. The division earned controllable margin of $250,000 on sales of $3,200,000. How much is residual income?

$256,000

$208,000

$292,000

$42,000

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