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Compute dakota division residual income for the year

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Reference no: EM132655473

The following data pertain to Dakota Division's most recent year of operations.

Income$4,000,000

Sales revenue 50,000,000

Average invested capital 20,000,000

Assume that the company's minimum desired rate of return on invested capital is 11 percent.

Required:

Problem 1: Compute Dakota Division's residual income for the year.

Reference no: EM132655473

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