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Pine Corp. has revenues of $550,000 resulting in an operating income of $92,400. Invested assets total $603,000. Residual income is $21,000. Calculate the new residual
Pine Corp. has revenues of $550,000 resulting in an operating income of $92,400. Invested assets total $603,000. Residual income is $21,000. Calculate the new residual income if sales increase by 10% and the profit margin and invested assets remain the same. (Do not round your intermediate calculations.) Multiple Choice $0 $71,400 $30,240 $10,080
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