Latu-assignment-take&inprogress -false eBook Calculator Print Item Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to la Adams Division Jefferson Division Net (after-tax) income Total capital employed In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 11%. Required: Enter negative values as negative numbers. 1. Calculate the residuat income for the Adams Division. $689,700 $355,950 4,200,000 3,802,500 ) $249,562.1 x 2. Calculate the residual income for the Jefferson Division. 84,187.5X Feedback Y Check My Work 1 & 2, Residual Income = Operating income-(Minimum Rate of Return Average Operating Assets) Learning Objective 3. 12