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Carter Company reported the following financlal numbers for one of its divisions for the year, average assets of $4,170,000; sales of $4,595,000; cost of goods

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Carter Company reported the following financlal numbers for one of its divisions for the year, average assets of $4,170,000; sales of $4,595,000; cost of goods sold of $2,620,000; and operating expenses of $1,442,000. Assume a target income of 10% of average assets. Compute residual income for the division: Mutiple Choice $73,500 $197,500 $53,300 $116,000 $126,000

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