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Exercise H Travel Company has three segments: Air, Land, and Sea. Data concerning income and investment follow: Air Land Sea Contribution to indirect expenses $43,200$86,400$115,200

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Exercise H Travel Company has three segments: Air, Land, and Sea. Data concerning income and investment follow: Air Land Sea Contribution to indirect expenses $43,200$86,400$115,200 Assets directly used by and identified with the segment 288,000576,0001,296,000 Assuming that the cost of capital on investment is 12%, calculate the residual income of each of the segments. Do the results indicate that any of the segments should be eliminated

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