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The Commercial Division of Lobo Company has operating income of $ 1 3 8 , 3 1 0 and assets of $ 4 5 2

The Commercial Division of Lobo Company has operating income of $

138, 310

and assets of $

452, 000 .

The minimum acceptable return on assets is

9 % .

What is the residual income for the division?

fill in the blank

1

1

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