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Hello Chegg Team, Can you please explain the formula of RI= operating profit-(investment *required rate/100). The formula is asked from: 2. Calculate residual income (RI)

Hello Chegg Team,

Can you please explain the formula of RI= operating profit-(investment *required rate/100).

The formula is asked from: 2. Calculate residual income (RI) for each division using operating income as a measure of income and total assets minus current liabilities as a measure of investment. Thank you

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