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Exercise 15-14A (Algo) Residual income LO 15-7 Perez Corporation has a desired rate of return...

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Exercise 15-14A (Algo) Residual income LO 15-7 Perez Corporation has a desired rate of return of 9 percent William Tobin is in charge of one of Perez's three investment centers. His center controlled operating assets of $2,450,000 that were used to earn $270,000 of operating income. Required Compute Mr. Tobin's residual income Rondal income

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