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Elite Company reports sales revenue of $200,000, operating income of $20,000, and operating assets of $100,000 for one of its divisions. The company's management expects
Elite Company reports sales revenue of $200,000, operating income of $20,000, and operating assets of $100,000 for one of its divisions. The company's management expects a minimum return of 10 percent from all the investments made by the division. Based on the scenario, the division's residual income is ______.
$20,000
$10,000
$15,000
$30,000
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