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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

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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 24% $70,000 19% The residual income for the year was closest to: Multiple Choice $3,500 $15,800 $11,200 $23,100

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