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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 305 $100,000 15 The residual income for the year was closest to: $20,000 b. $3,000 c. $5,000 $15,000

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