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Please provide the formula! Thank you! Sun, Inc. has average total assets of $450,000. The...

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Accounting

Please provide the formula! Thank you!

Sun, Inc. has average total assets of $450,000. The annual operating income of the company is $100,000. The target rate of return for the company is 15%. Calculate the residual income.

A.$15,000

B.$350,000

C$32,500

D.$67,500

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