Solved: Average operating assets, The Tipton Division of Dudley Company reported the following, Accounting Basics

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Average operating assets

Problem: 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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Accounting Basics: Average operating assets

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