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Cabal Products is a division of a major corporation. Last year the division had total sales of $17,540,000, net operating income of $1,438,280, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $17,540,000, net operating income of $1,438,280, and average operating assets of $4,735,800. The company's minimum required rate of return is 13%. The division's residual income is closest to: $822,626 $(1,231,308) $1,438,280 $2,053,934
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