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7 years ago
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) $343,400
C) $2,043,400
D) $412,274
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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#2
7 years ago
This was certainly a tough question, loving the expertise
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