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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

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 38% $55,000 19% The residual income for the year was closest to: Multiple Choice $10,450 $19,900 $14,850 o $15,200

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