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What is the division residual income

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Question - Ferris Wares is a division of a major corporation. The following data are for the latest year of operations:

Sales

$12,700,000

Net operating income

$1,054,100

Average operating assets

$5,000,000

The company's minimum required rate of return

16%

Required:

What is the division's return on investment (ROI)?

What is the division's residual income?

Reference no: EM131812908

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