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MLB Corporation uses residual income to evaluate the performance of its segments. In March, the Baseball Segment of MLB Corp. had average operating assets of
MLB Corporation uses residual income to evaluate the performance of its segments. In March, the Baseball Segment of MLB Corp. had average operating assets of $1,150,000, average liabilities of $325,000, and net operating income of $335,200. MLB Corp's minimum required rate of return is 24%.
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How much residual income did the Baseball segment generate in March?
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