Carter Company reported the following financial numbers for one of its divisions for the year, average assets of $4,160,000; sales of $4,585,000; cost of goods sold of $2,610,000; and operating expenses of $1,432,000. Assume a target Income of 11% of average assets. Compute residual income for the division: Multiple Choice O O O O $59,730. $217,250. $95.400. $42,900. $85.400

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