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Calculate the residual income for northern last year

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Reference no: EM132182030

Question - The Southern Division of Smith Company had average operating assets totaling $670,000 last year. If the minimum required rate of return is 12%, and if last year's net operating income at Northern was $77,500, then calculate the residual income for Northern last year?

a. $2,900.

b. ($2,900).

c. $9,300.

d. ($9,300).

Reference no: EM132182030

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