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Ewan Logistics provides the following information: Operating income $1,600,000 Net sales $14,000,000 Average total assets $1,800,000 Management's target rate of return 30% What is the

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Ewan Logistics provides the following information: Operating income $1,600,000 Net sales $14,000,000 Average total assets $1,800,000 Management's target rate of return 30% What is the company's residual income? O $1,320,000 O $(200,000) O $1,060,000 O $540,000

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