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Compute the company residual income for the year

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Reference no: EM133071512

Question - Melonie's Crafts had a net operating income of $498,600 on sales of $4, 200,000 last year. The company had average operating assets for the year were $3,150,000 and its minimum required rate of return was 14%. Compute the Company's residual income for the year.

Reference no: EM133071512

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