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The Jay's Corporation reports the following data: Net Operating Income $440,000 Turnover 2 Margin 20% Minimum required rate of return 16% b) What is the

The Jay's Corporation reports the following data:
Net Operating Income $440,000
Turnover 2
Margin 20%
Minimum required rate of return 16%
b) What is the Jay's Corporation's residual income?

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