Cabell Products is a division of a major corporation. Last year the division had total...
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Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%. The division's residual income is closest to: O $1,924,320 O $1,324,320 $2,524,320 O ($607,680)
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