MCQOPTIONS
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| 1. |
If required rate of return is 13%, operating income is $375000 and total investment is $2650000, then residual income would be |
| A. | $30,500 |
| B. | $20,500 |
| C. | $25,500 |
| D. | $32,500 |
| Answer» B. $20,500 | |