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Thornton Corporation has a desired rate of return of 9 percent. Mam Tobin is in charge of one of Thornton's twee westment centers. His center

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Thornton Corporation has a desired rate of return of 9 percent. Mam Tobin is in charge of one of Thornton's twee westment centers. His center controlled operating assets of $2.450.000 that were used to earn $270,000 of operating income Required Compute Mt. Tobin's residual income. Residual income

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