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What is marigold company residual income

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Question - Marigold Company recorded the following operating data: Sales $1256000 Contribution margin 488000 Total direct fixed costs 403000 Total operating assets Jan. 1, 746000 2022 Total operating assets Dec. 31, 785000 2022 Marigold Company's desired 12% return What is Marigold Company's residual income?

Reference no: EM133084964

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