Cabal Products is a division of a major corporation. Last year the division had total...
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| Cabal Products is a division of a major corporation. Last year the division had total sales of $23,170,000, net operating income of $1,668,240, and average operating assets of $5,097,400. The company's minimum required rate of return is 19%. |
| The division's residual income is closest to:
$(1,937,012) $1,668,240 $699,734 $2,636,746 |
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