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Sundem companys operating income was 645 million sundem

Question - Sundem Company's operating income was $645 million, average stockholders equity was $180 million, and average total assets were $520 million. Sundem Company's cost of capital was 10%. What is Sundem Company's residual income?

$630 million

$697 million

$52 million

$593 million

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Accounting Basics: Sundem companys operating income was 645 million sundem

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Accounting Basics: Sundem companys operating income was 645 million sundem

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