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The following data has been provided for a company's most recent year of operations: Return on investment 38% Average operating assets $55,000 Minimum required rate

The following data has been provided for a company's most recent year of operations: Return on investment 38% Average operating assets $55,000 Minimum required rate of return 19% The residual income for the year was closest to: The residual income for the year was closest to: Multiple Choice O $10,450 O $19.900 $14.850 $15.200 image text in transcribed

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