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Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 36,480,000 Net operating
Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:
| Sales | $ 36,480,000 |
|---|---|
| Net operating income | $ 2,808,960 |
| Average operating assets | $ 8,000,000 |
| The company's minimum required rate of return | 16% |
The division's residual income is closest to:
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College Accounting Chapters 1-13
Authors: John Price, M David Haddock, Michael Farina
13th Edition
007743062X, 9780077430627
