Question
Hello, hope all is well. Can you please check my work. It is from my Homework in Accounting Mangerial. Thank you. Assume that Division Blue
Hello, hope all is well. Can you please check my work. It is from my Homework in Accounting Mangerial. Thank you.
Assume that Division Blue has achieved a yearly income from operations of $161,000 using $1,172,000 of invested assets. If management has set a minimum acceptable return of 8%, the residual income is
a.$80,688
b.$161,000
c.$53,792
d.$67,240
I got B 161,000. I used yearly income first.
Mason Corporation had $1,014,000 in invested assets, sales of $1,206,000, income from operations amounting to $227,000, and a desired minimum return of 12%.
Round your answer to two decimal places.
The investment turnover for Mason Corporation is
a.1.43
b.0.95
c.1.78
d.1.19
For this one i applied the turnover rate and got A 1.43
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