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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 22% $40,000 16% 7:31 The residual income (RI) for the year was closest to: Multiple Choice 26 $8.800 $5,600 $2,400 $7,800

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