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2 The following data pertain to Dakota Division's most recent year of operations. 1.66 points Income Sales revenue $ 13,000,000 155,000,000 Average invested capital
2 The following data pertain to Dakota Division's most recent year of operations. 1.66 points Income Sales revenue $ 13,000,000 155,000,000 Average invested capital 56,000,000 Assume that the company's minimum desired rate of return on invested capital is 12 percent. Required: Compute Dakota Division's residual income for the year. Print Residual income References
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
