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Assume a company had net operating income of $300,000, sales of $1,500,000, residual income of $130,000, and a minimum required rate of return on average

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Assume a company had net operating income of $300,000, sales of $1,500,000, residual income of $130,000, and a minimum required rate of return on average operating assets of 12.50%. The company's average operating assets are closest to: Multiple Choice O $1,196,000. O $1,332,000 0 $1,200,000 $1,360,000

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