2 The Casket Division Of Saal Corporation Had Average Operating Assets Of $1,050,000 And Net Operating Income Of $235,200 In January. The Company Uses Residual Income To Evaluate The Performance Of Its Divisions, With A Minimum Required Rate Of Return Of 14%. Required: What Was The Casket Division's Residual Income In January? 04:58:43 Residual Income

2 04:58:43 The Casket Division of Saal Corporation had average operating assets of $1,050,000 and net operating income of $235,200 in January. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 14%. Required: What was the Casket Division's residual income in January? Residual income