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Malibu Systems is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average

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Malibu Systems is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's residual income is closest to: $582,320 ($823,280) $1,142,320 $22,320

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