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Corp. reports the following data: Net Operating Income $584,000 Turnover: 2 Margin 20% Minimum required rate of return 16% Q. What is Corp. residual income?

Corp. reports the following data:

Net Operating Income $584,000

Turnover: 2

Margin 20%

Minimum required rate of return 16%

Q. What is Corp. residual income?

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