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Picard Company reported the following information for 2012: Sales $840,000 Average Operating Assets $340,000 Desired ROI 12% Operating Income $ 54,000 The company's residual income

Picard Company reported the following information for 2012: Sales $840,000 Average Operating Assets $340,000 Desired ROI 12% Operating Income $ 54,000 The company's residual income for 2012 was: $40,800. $19,200. $6,000. $13,200.

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