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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 35% $ 80,000 203 The residual income for the year was closest to: Multiple Choice $28.000 $20,000 $27,000 $12,000

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