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    Operating income

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    A Co. reported the following information for 2003.

    Sales $787,000
    Average Operating Assets $375,000
    Desired ROI 12%
    Residual Income $11,250
    The Co. operating income for 2003 was: a) $94,440 b)$33,750 c)$45,000 d)56,250

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    Solution Summary

    The solution contains calculation of operating income.