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Estes Company has assembled the following data for its divisions for the past year: Division A Division B Average operating assets $500,000 ? Sales ?
| Estes Company has assembled the following data for its divisions for the past year: |
| Division A | Division B | |
| Average operating assets | $500,000 | ? |
| Sales | ? | $538,000 |
| Net operating income | $153,000 | $28,900 |
| Turnover | 1.40 | 3 |
| Margin | ? | 3.5% |
| Minimum required rate of return | 22% | ? |
| Residual income | ? | $6,160 |
| Division A's residual income is: |
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Contemporary Auditing Real Issues And Cases
Authors: Michael Chris Knapp
9th International Edition
1133187900, 978-1133187905
