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Business, 30.12.2020 20:00 Jocelyn0925
Cabal Products is a division of a major corporation. Last year the division had total sales of $12,880,000, net operating income of $837,200, and average operating assets of $2,833,600. The company's minimum required rate of return is 16%.
The division's residual income is closest to:.
a) $1,290,576
b) $383,824
c) $837,200
d) $906,752
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