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Exercise 15-14A (Algo) Residual income LO 15-7 Baird Corporation has a desired rate of return of 9 percent. William Tobin is in charge of one

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Exercise 15-14A (Algo) Residual income LO 15-7 Baird Corporation has a desired rate of return of 9 percent. William Tobin is in charge of one of Balrd's three investment centers. His center controlled operating assets of $2,500,000 that were used to earn $260,000 of operating Income. Required Compute Mr. Tobin's residual income 50 Residual income

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