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In fiscal year 2022, Bob's Sporting Goods had net operating income of $50,000. Sales were $350,000. Average operating assets were $400,000. The company's required rate

In fiscal year 2022, Bob's Sporting Goods had net operating income of $50,000. Sales were $350,000. Average operating assets were $400,000. The company's required rate of return is 10%. What is the residual income in 2022 for Bob's Sporting Goods?

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