A division of cream, inc. had average operating assets of $2,600,000. the company requires a return on investment of at least 8%. the division earned controllable margin of $250,000 on sales of $3,200,000. how much is residual income
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A company's retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cash dividend during the year. What was last year's net income? A. $296,000. B. $375,000. C. $454,000. D. $519,000.
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