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A Company Has Total Assets of $500,000, a Required Rate

Question 15

Multiple Choice

A company has total assets of $500,000, a required rate of return of 10%, and operating income for the year was $200,000. What is the residual income?


A) $150,000
B) $200,000
C) $250,000
D) $480,000
E) $175,000

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