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Exercise 15-14A (Algo) Residual income LO 15-7 Franklin Corporation has a desired rate of return of 10 percent Willem Tobin is in charge of one

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Exercise 15-14A (Algo) Residual income LO 15-7 Franklin Corporation has a desired rate of return of 10 percent Willem Tobin is in charge of one of Franklin's three investment centers Ha center controlled operating assets of $2,450,000 that were used to earn $270,000 of operating income Required Compute Mr. Tobin's residual income

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