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The following data has been provided for a company's most recent year of operations: Return on investment 40% Average operating assets $ 60,000 Minimum required

The following data has been provided for a company's most recent year of operations: Return on investment 40% Average operating assets $ 60,000 Minimum required rate of return 18% The residual income for the year was closest to: Multiple Choice $13,200 $23,000 $16,800 $12,000

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