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The following data has been provided for a companys most recent year of operations: Return on investment 24 % Average operating assets $ 45,000 Minimum
The following data has been provided for a companys most recent year of operations:
Return on investment 24 %
Average operating assets $ 45,000
Minimum required rate of return 16 %
The residual income for the year was closest to:
Multiple Choice
$3,600
$8,400
$6,750
$9,800
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