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Avocado Company has an operating Income of $102,000 on revenues of $1,010,000. Average Invested assets are $509,000 and Avocado Company has an 8% cost of

Avocado Company has an operating Income of $102,000 on revenues of $1,010,000. Average Invested assets are $509,000 and Avocado Company has an 8% cost of capital. What is the residual income? Multiple Choice $123,200 521200 $102,000 $61280

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