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Minor Incorporated uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 14%. In September, the
Minor Incorporated uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 14%. In September, the West Division had average operating assets of $970,000 and net operating income of $143,700. What was the West Division's residual income in September? ($20,118) $20,118 O ($7,900) $7,900
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