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The following data has been provided for a company's most recent year of operations: Return on investment 22% Average operating assets $40,000 Minimum required rate

The following data has been provided for a company's most recent year of operations: Return on investment 22% Average operating assets $40,000 Minimum required rate of return 16% The residual income for the year was closest to: Multiple Choice $2,400 $7,800

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