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Leesum Company has two divisions: the Leone Division and the Letwo Division. The following information pertains to last year's results: In addition, Leesum Company's top

Leesum Company has two divisions: the Leone Division and the Letwo Division. The following information pertains to last year's results: In addition, Leesum Company's top management has set a minimum acceptable rate of return equal to 7%. Required: Enter negative values as negative numbers. 1. Calculate the residual income for the Leone Division. $ 2. Calculate the residual income for the Letwo Division. x Feedback Vheck My Work 1 \& 2. Residual Income = Operating Income - (Minimum Rate of Return Average Operating Assets)

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