Assume a company had net operating income of $300,000, sales of $1,500,000, residual income of...
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Accounting
Assume a company had net operating income of $300,000, sales of $1,500,000, residual income of $130,000, and a minimum required rate of return on average operating assets of 13.25%. The companys average operating assets are closest to:
Multiple Choice
a.$1,111,321.
b.$1,239,623.
c.$1,200,000.
d.$1,283,019.
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