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Average operating assets are $400,000; the minimum rate of return is 6%; operating income is $100,000; and sales are $800,000. The residual income is ________?

Average operating assets are $400,000; the minimum rate of return is 6%; operating income is $100,000; and sales are $800,000. The residual income is ________?

A.) $24,000

B.) $76,000

C.) $100,000

D.) $124,000

E.) None of the above

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