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The following information relates to the Quilt Division of TDS Corporation for last year: Sales Net operating income Average operating assets Minimum required rate of

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The following information relates to the Quilt Division of TDS Corporation for last year: Sales Net operating income Average operating assets Minimum required rate of return $200,000 $60.000 $500.000 10% The division's residual income is closest to: 40,000 140,000 10,000 50,000

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