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Chace Products is a division of a major corporation. Last year the division had total sales of $21, 300,000, net operating income of $675100, and
Chace Products is a division of a major corporation. Last year the division had total sales of $21, 300,000, net operating income of $675100, and average operating assets of $5.000,000. The company's minimum required rate of return is 15%. The division's residual income is closest to: $675.100 $1.425100 $(74, 900) $(2.519.900)
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