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Blue Oyster Cult Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140,
Blue Oyster Cult Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140, and average operating assets of $5,708,000. The company's minimum required rate of return is 10%. |
The division's residual income is closest to: |
$2,597,140
$(1,141,600)
$2,026,340
$3,167,940
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