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Question 1 3 pts Copr. Goedl A co . reported the following: Sales $ 1 5 0 , 0 0 0 ; operating expenses $

Question

1

3

pts

Copr. Goedl A co

.

reported the following: Sales $

150, 000

; operating expenses $

120, 000

; and average assets $

160, 000 .

They require a

14 %

return on investments. What is residual income?

7, 600

30, 000

22, 400

150, 000

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