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Minimum acceptable operating income 556600 net sales 900000

Question - Dynamic Corporation provides the following financial information:

Minimum acceptable operating income: 556,600

Average total assets: 2,600,000

Operating income: 708,000

Return on investment: 27%

Net sales: 900,000

Calculate the residual income of Dynamic Corporation.

a. 151,400

b. 412,274

c. 343,400

d. 2,043,400

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Accounting Basics: Minimum acceptable operating income 556600 net sales 900000

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Accounting Basics: Minimum acceptable operating income 556600 net sales 900000

Reference No:- TGS02869284

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