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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% $44,000 18% The residual income for the year was closest to: Multiple Choice $7.480 $14.400 Oo oo $10,560 $9,800

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