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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,830,000; sales of $5,405,000; cost of
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,830,000; sales of $5,405,000; cost of goods sold of $3,240,000; and operating expenses of $1,150,000. Assume a target income of 14% of average invested assets. Compute residual income for the division: Multiple Choice $198,800. $142,100. $101,500. $142,147. $258,300
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