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Avocado Company has an operating income of $102,000 on revenues of $1091.000. Average invested assets are $505,000 and Avocado Company ha an 8% cost of

Avocado Company has an operating income of $102,000 on revenues of $1091.000. Average invested assets are $505,000 and Avocado Company ha an 8% cost of capital. What is the residual income? Multiple Choice $116.720 $102,000 $61,600 $14,720

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