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Avocado Company has an operating income of $102,000 on revenues of $1,091,000. Average invested assets are $505.000 and Avocado Company has an 8% cost of

Avocado Company has an operating income of $102,000 on revenues of $1,091,000. Average invested assets are $505.000 and Avocado Company has an 8% cost of capital. What is the residual income? Multiple choice $61,600 $14,720 $102,000 $116,720

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