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What is sundem company residual income

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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

Reference no: EM132072870

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