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Compute Dakota Division residual income for the year

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Reference no: EM133077945

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

Income $12,000,000

Sales revenue 145,000,000

Average invested capital 54,000,000

Assume that the company's minimum desired rate of return on invested capital is 10 percent. Compute Dakota Division's residual income for the year.

Reference no: EM133077945

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