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What the chering division residual income

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Reference no: EM133015765

Question - Selected data from Chering Division's accounting records revealed the following:

Sales $605,000

Average investment $242,000

Net operating income $45,600

Minimum rate of return (divisional cost of capital) 17%

Required - What the Chering Division's residual income (RI)?

Reference no: EM133015765

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