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Cabell Products is a division of a major corporation. Last year the division had total sales of $26, 050,000, net operating income of $1, 745,
Cabell Products is a division of a major corporation. Last year the division had total sales of $26, 050,000, net operating income of $1, 745, 350, and average operating assets of $6, 512, 500. The company's minimum required rate of return is 10%. The division's residual income is closest to: Multiple Choice $1, 094, 100 $2, 396, 600 $1, 745, 350 $(1, 302, 500)
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