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Determining Missing Items in Rate of Return and The excess of divisional income from operations over a minimum acceptable income from operations.Residual Income Computations Data

Determining Missing Items in Rate of Return and The excess of divisional income from operations over a minimum acceptable income from operations.Residual Income Computations

Data for Schmidt Company are presented in the following table of A measure of managerial efficiency in the use of investments in assets, computed as income from operations divided by invested assets.rates of return on investment and residual incomes:

Invested Assets Income from Operations Rate of Return on Investment Minimum Rate of Return Minimum Acceptable Income from Operations Residual Income
$960,000 $230,400 (a) 13% (b) (c)
$570,000 (d) (e) (f) $68,400 $22,800
$340,000 (g) 14% (h) $37,400 (i)
$260,000 $52,000 (j) 12% (k) (l)

Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number.

a. %
b. $
c. $
d. $
e. %
f. %
g. $
h. %
i. $
j. %
k. $
l. $

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