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Calculator Residual Income The income from operations and the amount of invested assets in each division of Devon Industries are as follows Income from Operations

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Calculator Residual Income The income from operations and the amount of invested assets in each division of Devon Industries are as follows Income from Operations Invested Assets Sporting Goods Division Health Care Division Commercial Division Assume that management has established a 12% minimum acceptable rate of return for invested assets a. Determine the residual income for each division. $132,000 73,800 112,500 660,000 410,000 750,000 Sporting Goods Division Health Care Division Commercial Division Income from operations $132,000 $73,800 $112,500 Minimum amount of income from operations Residual income b. Which division has the most residual income? Previous Next Il work saved

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