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The molding division of XYZ Company reported the following information for October: margin ................................. 20% turnover ............................... 3 residual income ........................ $45,000 minimum required rate
The molding division of XYZ Company reported the following information for October: margin ................................. 20% turnover ............................... 3 residual income ........................ $45,000 minimum required rate of return ........ 12% Calculate the molding division's net operating income for October.
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