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Compute division residual income

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Reference no: EM133239858

Hargrave Products has three divisions, which operate autonomously. Their results for 20X5 were as follows:

East

West

International

Sales

$30,000,000

$40,000,000

$50,000,000

Cost of goods sold

15,000,000

25,000,000

37,000,000

Operating income

4,500,000

4,750,000

5,000,000

Investment base

30,000,000

30,500,000

31,000,000

The company's desired rate of return is 15%.

Required:

a. Compute each division's ROI. Round to three decimal places.

b. Compute each division's residual income.

Reference no: EM133239858

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