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If net operating income is $87,000, average operating assets are $522,000, and the minimum required rate of return is 13%, what is the residual income?

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If net operating income is $87,000, average operating assets are $522,000, and the minimum required rate of return is 13%, what is the residual income? Multiple Choice $67,860 $48,720 $106,140 $19,140

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