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Payne Company reported the following information for the current year Sales Average operating assets Desired ROI Net Income $ 990,000 $ 490,000 14% $ 69,000

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Payne Company reported the following information for the current year Sales Average operating assets Desired ROI Net Income $ 990,000 $ 490,000 14% $ 69,000 The company's residual income was: O $68,600 O $400. $1,000 $1,400

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