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Assume a company had net operating Income of $300.000, sales of $1,500,000, average operating assets of $1,000,000, and a minimum required rate of return on

Assume a company had net operating Income of $300.000, sales of $1,500,000, average operating assets of $1,000,000, and a minimum required rate of return on average operating assets of 11.50%. The company's residual income is closest to: Multiple Choice $85,000. $185,000. $127,500. $227,500

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