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

Exercise 15-14A (Algo) Residual income LO 15-7 Perez Corporation has a desired rate of return of 10 percent. William Tobin is in charge of one of Perez's three investment centers. His center controlled operating assets of $2,450,000 that were used to earn $262,000 of operating income. Required Compute M. Tobin's residual income

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