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Determine the February 20xx Residual Income for an Investment Center

Question 85

Multiple Choice

Determine the February 20xx residual income for an investment center with the following information:  Operating income for the month ended February 28,20xx$1,800,000 Desired ROI 52% Actual ROI 38% Assets invested $18,200,000\begin{array}{lr}\text { Operating income for the month ended February } 28,20 \mathrm{xx} & \$ 1,800,000 \\\text { Desired ROI } & 52 \% \\\text { Actual ROI } & 38 \% \\\text { Assets invested } & \$ 18,200,000\end{array}


A) ($5,116,000)
B) ($6,936,000)
C) ($7,664,000)
D) ($9,484,000)

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