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The Cake segement of Baking Corporation had average operating assets of $960,000 and net operating income of $145.200 in March The company uses residual income
The Cake segement of Baking Corporation had average operating assets of $960,000 and net operating income of $145.200 in March The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 12% Required: What was the Cake segment's residual income in March
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