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17) Determine the April 2014 residual income for an investment center with the following information:...

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Accounting

17) Determine the April 2014 residual income for an investment center with the following information:

Operating income for the month ended April 30, 2014 $2,300,000

Assets at March 31, 2014 $10,200,000

Assets at April 30, 2014 $13,150,000

Desired ROI 18%

Actual ROI 20%

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