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If net operating income is $83,000, average operating assets are $415,000, and the minimum required rate of return is 13%, what is the residual income?

If net operating income is $83,000, average operating assets are $415,000, and the minimum required rate of return is 13%, what is the residual income? Multiple Choice $53,950 $29,050 $24,900 $112,050

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