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Howard Company has sales revenue of $414,000 resulting in net operating income of $43,470. Average invested assets are $207,000. What is the residual income if

Howard Company has sales revenue of $414,000 resulting in net operating income of $43,470. Average invested assets are $207,000. What is the residual income if the hurdle rate is 16% ? Muliphe Choice 586,940 566,240 (\$350) 510350

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