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What is Division Qs residual income

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Question - Consider the following data from two divisions of a company, P and Q:

Divisional

P

Q

Sales

$1,500,000

$2,000,000

Operating Income

$900,000

$800,000

Investment

$2,100,000

$3,000,000

Required - If the minimum rate of return is 12%, what is Division Q's residual income (RI)?

Reference no: EM133089484

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