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Plamba Corporation had $250,000 in invested assets, sales of $490,000, income from operations amounting to $70,000, and a desired minimum rate of return of 15%.
Plamba Corporation had $250,000 in invested assets, sales of $490,000, income from operations amounting to $70,000, and a desired minimum rate of return of 15%. The residual income for Plamba is:
a. | $32,500. | |
b. | $37,500. | |
c. | $59,500. | |
d. | $10,500. |
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