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The Tipton Division of Dudley Company reported the following data last year: Return on investment 20 % Minimum required rate of return 12 % Residual

The Tipton Division of Dudley Company reported the following data last year:


Return on investment		20	%
Minimum required rate of return		12	%
Residual income	$	50,000

Tipton Division's average operating assets last year were:

Multiple Choice

$625,000

$333,333

$250,000

$416,677

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