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Sales revenue for XYZ Company is $1,000,000. The cost of goods sold is S450,000 and the operating expenses are S250,000. Interest revenue for the company
Sales revenue for XYZ Company is $1,000,000. The cost of goods sold is S450,000 and the operating expenses are S250,000. Interest revenue for the company is S100,000 and the interest expenses are $50,000. The minimum required rate of return is 15% and cost of operating assets $1,500,000. What is the residual income for XYZ Company? a. S125,000 b. $175,000 c.$100,000 d. $75,000 Answer Attempt LaterSubmit
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