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Given the following data: Return on investment 24% Turnover 2.7 Margin 9% Sales $120,000 Average operating assets $45,000 Minimum required rate of return 16% The

Given the following data:

Return on investment	24%
Turnover	2.7
Margin	9%
Sales	$120,000
Average operating assets	$45,000
Minimum required rate of return	16%

The residual income would be:

$3,600

$6,750

$8,400

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