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Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets...

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Accounting

Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets of $1,000,000, and a minimum required rate of return on average operating assets of 11.25%. The companys residual income is closest to:
Multiple Choice
$87,500.
$187,500.
$131,250.
$231,250.

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