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Daab Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating Income Average

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Daab Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating Income Average operating assets The company's minimum required rate of return $ 11,520,000 $ 322,560 $ 3,000,000 10 % The division's residual income is closest to: $322,560 O $622,560 $(829,440) $22,560

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