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If operating income is $96,000, average operating assets are $576,000, and the minimum required rate of return is 14%, what is the residual income? $111,360

If operating income is $96,000, average operating assets are $576,000, and the minimum required rate of return is 14%, what is the residual income?

$111,360

$65,280

$15,360

$80,640

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