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

Exercise 15-14A (Algo) Residual income LO 15-7 Stuart Corporation has a desired rate of return of 7 percent. Willam Tobin is in charge of one of Stuart's three investment centers. His center controlled operating assets of $2,400,000 that were used to earn $276,000 of coserating income. Required Compute Mr. Tobin's residual income

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