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The following information pertains to Travis Concrete: Sales revenue $1,500,000 Gross margin $600,000 Operating Income $90,000 Average operating assets $450,000 The company's interest cost is

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The following information pertains to Travis Concrete: Sales revenue $1,500,000 Gross margin $600,000 Operating Income $90,000 Average operating assets $450,000 The company's interest cost is 12%. The residual income is: Select one: a. $36,000 b. $54,000. C. $42,000. d. $82,800 e. $30,000

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