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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 30% $100,000 15% The residual income for the year was closest to: a. $20,000 b. $3,000 $5,000 d. $15,000

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