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Rooney Inc. had $375,000 in invested assets, sales of $735,000, operating income amounting to $105,000,...

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Question

Accounting

Rooney Inc. had $375,000 in invested assets, sales of $735,000, operating income amounting to $105,000, and a minimum acceptable rate of return of 12% on its invested assets. The residual income for Rooney is:

Select one:

a. $42,500.

b. $20,500.

c. $60,000.

d. $37,500.

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