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If operating income is $75,000, average operating assets are $375,000, and the minimum required rate of return is 11%, what is the residual income? $108,750

If operating income is $75,000, average operating assets are $375,000, and the minimum required rate of return is 11%, what is the residual income?

$108,750

$7,500

$33,750
$41,250

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