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In August, the Universal Solutions Division of Jugan Corporation had average operating assets of S670,000 and net operating income of $77,500. The company uses residual
In August, the Universal Solutions Division of Jugan Corporation had average operating assets of S670,000 and net operating income of $77,500. The company uses residual income, with a minimum required rate of return of 12%, to evaluate the performance of its divisions. What was the Universal Solutions Division's residual income in August? O a. (3900) Ob. none of answers are correct OC (2900) Od 2900
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