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    average operating assets

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    Question 13: (1 point)
    The Tipton Division of Dudley Company reported the following data last year:

    Return on investment 22%
    Minimum required rate of return 12%
    Residual income $41,000

    Tipton Division's average operating assets last year were:

    =

    $399,500

    $435,000

    $421,500

    $410,000

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    https://brainmass.com/business/accounting/average-operating-assets-211153

    Solution Preview

    Hi,

    Please see the response to your posting as below:

    Residual ...

    Solution Summary

    The solution shows calculations of average operating assets,

    $2.19

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