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The following data has been provided for a company's most recent year of operations: Return on investment 20% Average operating assets $100,000 Minimum required

The following data has been provided for a company's most recent year of operations: Return on investment 20% Average operating assets $100,000 Minimum required rate of return 15% The residual income for the year was closest to: Multiple Choice $20,000 $3,000 $5,000 $15,000

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