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The Lang Company uses average operating assets to measure investment and operating income to measure income. The Lang Company reported operating income of $5,000. If
The Lang Company uses average operating assets to measure investment and operating income to measure income. The Lang Company reported operating income of $5,000. If average operating assets were $80,000 and the company had a required return of 10% the company's residual income would be: 5,000 8,000 500 3,000
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