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question 11 Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320,
question 11
Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's residual income is closest to: $582,320 $22,320 ($823,280) $1,142,320
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