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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 10.25%. The company's average operating assets are closest to: $1,524,391. $1,200,000. $1,690,245. $1,658,537

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