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The Hum Division of the Ho Company reported the following data for last year: Net operating income Interest expense Tax expense Stockholders' equity Average operating

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The Hum Division of the Ho Company reported the following data for last year: Net operating income Interest expense Tax expense Stockholders' equity Average operating assets Minimum required rate of return The residual income for the Hum Division last year was: $ 150,000 $ 50,000 $ 30,000 $ 200.000 $ 600,000 12%

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