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Assume a company had sales of $1,500,000, residual income of $125,000, a minimum required rate of return on average operating assets of 17%, and average
Assume a company had sales of $1,500,000, residual income of $125,000, a minimum required rate of return on average operating assets of 17%, and average operating assets of $1,000,000. What is the company's net operating income? Multiple Choice $295,000 $45,000 $380,000 $130,000
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