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What is Hospital Bed residual income

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Reference no: EM133016426

Question - Miller Medical Services provided the following information for its operations in the Hospital Bed Division.

Revenues $2,000,000

Accounts receivable $500,000

Required rate of return 11%

Net operating income $800,000

Total assets $6,500,000

Required - What is Hospital Bed's residual income?

a. $30,000

b. $85,000

c. ($195,000)

d. $1,285,000

Reference no: EM133016426

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