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Question Content Area Magnolia Company's Division A has operating income of $ 7 2 , 3 0 0 and assets of $ 3 1 6

Question Content Area

Magnolia Company's Division A has operating income of $

72, 300

and assets of $

316, 800 .

The minimum acceptable return on investment is

14 % .

What is the residual income for the division?

$fill in the blank

1

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