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Find the division net operating income last year was

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Reference no: EM132971686

The Tipton Division of Dudley Company reported the following data last year:

Return on investment 20%

Minimum required rate of return 12%

Residual income$ 50,000

Problem 1: The division's net operating income last year was:

a. $75,000

b. $250,000

c. $125,000

d. $100,000

Reference no: EM132971686

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