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ABC Inc. has the following information available for one of its divisions: Average operating assets $5 000 000 Return on investment (ROI) 55% Sales $8

ABC Inc. has the following information available for one of its divisions:

Average operating assets $5 000 000 Return on investment (ROI) 55% Sales $8 000 000

If ABC requires a minimum return on its investments of 30 per cent, what is their residual income?

$900 000

$3 000 000

$1 500 000

$1 250 000

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