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7:16 TB Problem Qu. 10-173 The Casket Division of Saal Corporation... The Casket Division of Saal Corporation had average operating assets of $1,090,000 and

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7:16 TB Problem Qu. 10-173 The Casket Division of Saal Corporation... The Casket Division of Saal Corporation had average operating assets of $1,090,000 and net operating income of $275,200 in January. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 18% Required: What was the Casket Division's residual income in January? Residual income

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