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Coronado Industries earned controllable margin of $520000 on sales of $6400000. The division had average operating assets of $5400000. The company requires a return on

Coronado Industries earned controllable margin of $520000 on sales of $6400000. The division had average operating assets of $5400000. The company requires a return on investment of at least 8%. How much is residual income?

$608000

$432000

$512000

$88000

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