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Compute residual income for the division

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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,840,000; sales of $5,415,000; cost of goods sold of $3,245,000; and operating expenses of $1,151,000. Assume a target income of 15% of average invested assets. Compute residual income for the division?

Reference no: EM132203299

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