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Swifty Corporation had sales of $320000, variable costs of $110000, and direct fixed costs totaling $100000. The company's operating assets total $620000, and its required

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Swifty Corporation had sales of $320000, variable costs of $110000, and direct fixed costs totaling $100000. The company's operating assets total $620000, and its required return is 10%. How much is the residual income? $11000 $62000 $48000 $258000

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