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The following data has been provided for a Leventhal company's most recent year of operations: Return on investment Average operating assets Discount rate 30% $

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The following data has been provided for a Leventhal company's most recent year of operations: Return on investment Average operating assets Discount rate 30% $ 66,000 20% The residual income for the year was closest to: $24,200 $13,860 $6,600 None of these answers are correct. $18,800

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