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Payne Company reported the following information for the current year: Sales Average operating assets Desired ROI Net income $830,000 $ 330,000 11% $ 53,000 The

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Payne Company reported the following information for the current year: Sales Average operating assets Desired ROI Net income $830,000 $ 330,000 11% $ 53,000 The company's residual income was: Multiple Choice $18,700. $2,000. $36,300. S16,700

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