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Miami Corp. has an operating income of $108,000, average invested assets of $602,000, and a cost of capital of 7%. What is the residual income?
Miami Corp. has an operating income of $108,000, average invested assets of $602,000, and a cost of capital of 7%. What is the residual income? |
A. $65,860
B. $42,140
C. $182,527
D. $108,000
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