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What was the amount of residual income for each department

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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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