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Calculate the residual income for the Avila Division

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Reference no: EM132874498

Problem - The Avila Division of Maldonado Company had operating income last year of $136,400 and average operating assets of $1,900,000. Maldonado's minimum acceptable rate of return is 9%. (Note: Round all answers to two decimal places.)

Required - Calculate the residual income for the Avila Division.

Reference no: EM132874498

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