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Chicks Corporation Had $1,100,000 in Invested Assets, Sales of $1,210,000

Question 15

Multiple Choice

Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $302,500, and a desired minimum rate of return of 15%. The residual income for Chicks is:


A) $165,000
B) $302,500
C) $137,500
D) $191,500

Correct Answer:

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