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The following data has been provided for a company's most recent year of operations: Return on investment Average operating assets Minimum required rate of return

The following data has been provided for a company's most recent year of operations: Return on investment Average operating assets Minimum required rate of return 32% $ 40,000 20% The residual income for the year was closest to: Multiple Choice $19,200 $11,800 O $4,800 O $9,600

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