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Pine Corp. has revenues of $500,000 resulting in an operating income of $54,000. Invested assets total $600,000. Residual income is $18,000. Calculate the new residual
Pine Corp. has revenues of $500,000 resulting in an operating income of $54,000. Invested assets total $600,000. Residual income is $18,000. Calculate the new residual income if sales increase by 10% and the profit margin and invested assets remain the same. $O $36,000 $3,240 $23,400
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