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The Consumer Products Division of Mickolick Corporation had average operating assets of $ 4 1 9 , 0 0 0 and net operating income of

The Consumer Products Division of Mickolick Corporation had average operating assets of $

419, 000

and net operating income of $

39, 000

in August. The minimum required rate of return for performance evaluation purposes is

8 % .

What was the Consumer Products Division's residual income in August?

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