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Garlic Division of Spice Industries had average operating assets of $445,300 and net operating income of $68,900. The company uses residual income, with a minimum
Garlic Division of Spice Industries had average operating assets of $445,300 and net operating income of $68,900. The company uses residual income, with a minimum required rate of return of 14%, to evaluate the performance of its divisions. What was Garlic Division's residual income? $9,646 O A. ($9,646) $6,558 OD ($6,558)
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