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If sales are $38,380,000, net operating income is $3,758,960, average operating assets amount to $9,900,000 and the minimum required rate of return is 15%,

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If sales are $38,380,000, net operating income is $3,758,960, average operating assets amount to $9,900,000 and the minimum required rate of return is 15%, what is the residual income? (Worth 5 points) a) $3,758,960 b) $5,243,960 c) S(3,977,840) d) $2,273,960

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