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Assume a company had sales of $1,500,000, residual income of $138,000, a minimum required rate of returh on average operating assets of 17%, and average

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Assume a company had sales of $1,500,000, residual income of $138,000, a minimum required rate of returh on average operating assets of 17%, and average operating assets of $1,000,000. What is the company's net operating income? Multiple Choice $393.000 $117,000 $308,000 $32,000

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