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QUESTION 25 3.9 The following is data for Gollum Global: 4 Year: 1 Residual income estimate: 301 2 350 3 400 450 After year 4,

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QUESTION 25 3.9 The following is data for Gollum Global: 4 Year: 1 Residual income estimate: 301 2 350 3 400 450 After year 4, Residual income will grow at 2% annually. Using a 20% required return, what is the present value of residual income? QUESTION 26 3.9 The following are actual results for Global Corp: Sales Operating income AR 20,440 5,230 3,500 If the company manipulates its books by stuffing $1,400 of product into the channel, What amount will it report for A/R? a. 4,900 b. 19,040 c. 2,100 d. 3,830

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