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The following data pertains to the dress division of the Cross and Allan Company: Sales $1,000,000 Invested capital $700,000 Net operating profit after taxes $160,000

The following data pertains to the dress division of the Cross and Allan Company: Sales $1,000,000 Invested capital $700,000 Net operating profit after taxes $160,000 Minimum required return 15% Residual income/(loss) is equal to: $10,000 $24,000 $45,000 $55,000

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