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Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of retum is 14%. In January, the Commercial

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Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of retum is 14%. In January, the Commercial Products Division had average operating assets of $970,000 and net operating income of $143,700. What was the Commercial Products Division's residual income in January? 26.45 Multiple Choice $7.900) 57.900 2011 1520,110)

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