Solution-What was the amount of residual income for each

What was the amount of residual income for each department

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Reference no: EM13506190

Snickers Company has two investment centers and has developed the following information. Snickers Company expects a minimum return on operating assets of 10%.

	Department A	Department B
Net operating income	$120,000	$48,000
Average operating assets	$1,200,000	$400,000
Sales	800,000	250,000

Required: What was the amount of residual income for each department?

Reference no: EM13506190

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What was the amount of residual income for each department

Reference no: EM13506190

Reference no: EM13506190

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