What was the alpha divisions residual income in march

Reference no: EM131911471

Problem

In March, the Alpha Division of the Omega Corporation had average operating assets of $12,000 and net operating income of $58,560. The company uses residual income, with a minimum required rate of return of 18%, to evaluate the performance of its divisions. What was the Alpha Division's residual income in March?

Reference no: EM131911471

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