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CHAPTER 1 & MC_II_ 10. MC_II_ 11_ MC_II_ 12. MC_II_ 13. 14. 15. 16. 17. 18. 19. 20. 21. PR 11_40 22_ PR 11.41 24. BE. II _ 14. EXCEL ALGO 25_ BE. IIL15_ EXCEL ALGO Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results: Adams Division Jefferson Division Net (after-tax) income Total capital employed 605,000 $ 315,000 In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 8%. Required: 1. 2. Calculate the residual income for the Adams Division. Calculate the residual income for the Jefferson Division. Check My Work Progress: 20/25 items Assignment Score: 40.89% Previous Next All work saved. Save and Exit Submit Assignment for Grading