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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: Multiple Choice O O $1,479,940 O $728.035 $11,503,810) O $2,231,845
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