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Bob Company has net operating income of $245,000, invested assets at the beginning of the...

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Accounting

Bob Company has net operating income of $245,000, invested assets at the beginning of the year of $1,800,000, invested assets at the end of the year of $2,000,000, and a cost of capital of 11%. What is the company's residual income?

209,000

25,000

36,000

47,000

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