RESIDUAL INCOME Refer to the Washington Company information in Exercise 22-30. In addition, Washington Companys top management

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RESIDUAL INCOME Refer to the Washington Company information in Exercise 22-30. In addition, Washington Company’s top management has set a minimum acceptable rate of return equal to 8 percent.

Required:

. Calculate the residual income for the Adams Division.

. Calculate the residual income for the Jefferson Division.

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