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Please show work! Daab Products is a division of a major corporation. The following data...

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Accounting

Please show work!

Daab Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales $11,520,000
Net operating income $322,560
Average operating assets $3,000,000
The company's minimum required rate of return 10%

The division's residual income is closest to:

$322,560

($829,440)

$622,560

$22,560

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