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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 23% $80,000 15% The residual income for the year was closest to: Multiple Choice $16,100 $17,400 $12,000 O $16,100 $17,400 $12,000 O $6,400

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