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Cabell Products is a division of a major corporation. Last year the division...

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Accounting

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Cabell Products is a division of a major corporation. Last year the division had total sales of $11,650,000, net operating income of $1,141,700, and average operating assets of $3,495,000. The company's minimum required rate of return is 11%. The division's residual income is closest to: Multiple Choice O $1,141,700 O $757,250 O $(768,900) $1526150 $1,526,150 C

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