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The Consumer Products Division of Mickolick Corporation had average operating assets of $450,000 and net operating income of $38, 700 in August. The minimum required

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The Consumer Products Division of Mickolick Corporation had average operating assets of $450,000 and net operating income of $38, 700 in August. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's residual income in August? $3, 870 $(6, 300) $6, 300 $(3, 870)

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