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Question 12 (0.5 points) Assume a company had sales of $1,500,000, residual income of $120,000, a minimum required rate of return on average operating assets

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Question 12 (0.5 points) Assume a company had sales of $1,500,000, residual income of $120,000, a minimum required rate of return on average operating assets of 17%, and average operating assets of $1,000,000. What is the company's net operating income? $290,000 $135,000 $375,000 $50,000

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