If average operating assets are $250,000, the turnover is 3.0, the return on investment (ROI) is 25%,
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Question:
If average operating assets are $250,000, the turnover is 3.0, the return on investment (ROI) is 25%, and the minimum required rate of return on average operating assets is 20%, then the residual income is closest to:
$62,500
$12,500
$92,000
$124,000
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