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Cabell Products is a division of a major corporation. Last year the division had total sales of $23,870,000, net operating Income of $1,479,940, and average
Cabell Products is a division of a major corporation. Last year the division had total sales of $23,870,000, net operating Income of $1,479,940, and average operating assets of $5,012,700. The company's minimum required rate of return is 15%. The division's residual income is closest to: $1479,940 10 0 0 0 $728,035 $(1,503,810) $2,231,845
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