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Determine the residual income for each division

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Problem - Residual Income

The income from operations and the amount of invested assets in each division of Devon Industries are as follows:

  Income from Operations Invested Assets
Sporting Goods Division $77,400 430,000
Health Care Division 166,000 830,000
Commercial Division 64,400 460,000

Assume that management has established a 12% minimum acceptable rate of return for invested assets. Determine the residual income for each division.

Reference no: EM131722450

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