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Question 11 6 pts Herbie Corp. has a profit margin of 20% based on revenues of $480,000, and investment turnover is 2. What is the

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Question 11 6 pts Herbie Corp. has a profit margin of 20% based on revenues of $480,000, and investment turnover is 2. What is the residual income when the cost of capital is 10%? O $24,000 O $72,000 O $96.000 $48,000

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