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Sullivan company has three divisions larry moe and curly

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Sullivan Company has three divisions, Larry, Moe, and Curly. The company has a hurdle rate of 7.01 percent. Selected operating data of the three divisions follow:
Larry
Moe
Curly
Sales $ 336,000 $ 229,000 $ 317,000
Cost of goods sold
207,000
123,000
193,000
Miscellaneous operating expenses
39,000
31,000
34,000
Allocated corporate expenses
20,000
20,000
11,000
Average invested assets
1,250,000
930,000
1,125,000

Compute the residual income for each division.



 Larry Moe Curly
Residual income $ $ $

Reference no: EM13579370

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