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JEY - 8 6 2 8 Inc. reported the following data for last year: JEY - 8 6 2 8 Inc. Balance Sheet:Beginning Balanceassets:Cash 1
JEY Inc. reported the following data for last year: JEY Inc. Balance Sheet:Beginning Balanceassets:Cash accounts receivable inventory plan and equipment, net investment in Tesla Inc. land undeveloped total assets liabilities and stockholders equity:Accounts payable longterm debt stockholders equity total liabilities and stockholders equity Ending BalanceAssets:Cash accounts receivable inventory Plant and equipment, net Investment in Tesa Inc. land undeveloped total assets liabilities and stockholders equity:accounts payable debt stockholders equity total liabilities and stockholders equity JEY Inc. Income Statement:sales operating expenses net operating income interest in taxes: interest expense tax expense and Net income JEY Inc. paid dividends of $ last year. The "Investment in Tesla Inc." item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is What was the company's residual income last year?$ $ $ $
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