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Alex Corporation provides the following information for the year: Division Y Net sales $1,200,000 Operating income 300,000 Average assets 490,000 Target rate of return 20%

Alex Corporation provides the following information for the year: Division Y Net sales $1,200,000 Operating income 300,000 Average assets 490,000 Target rate of return 20% Calculate the residual income for Division Y. $98,000 $60,000 O $202,000 O $240,000

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