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Calculate the residual income reported by Vale Division

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Reference no: EM132522342

Question - The following information relates to Kew Company's Vale Division for last year:

Sales $500,000

Variable costs 300,000

Fixed costs 50,000

Return on investment 25%

Minimum required rate of return 6%

Required - Calculate the residual income reported by Vale Division last year.

Reference no: EM132522342

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