Required information

Use the following information for the Exercises below. $($Static$)$

$[$The following information applies to the questions displayed below.$]$

A manufacturer reports the following for two of its divisions for a recent month.

Exercise $9-13($Static$)$ Residual income LO A$1$

Assume that each of the company's divisions has a target income at $7\%$ of average assets. Compute residual income for each division.Required information

Use the following information for the Exercises below. $($Static$)$

Skip to question

$[$The following information applies to the questions displayed below.$]$

A manufacturer reports the following for two of its divisions for a recent month.

Beverage Division Cheese Division

Average assets $ $5,000$ $ $10,000$

Sales $3,0005,000$

Income $600800$

Exercise $9-13($Static$)$ Residual income LO A$1$

Assume that each of the company$$s divisions has a target income at $7\%$ of average assets. Compute residual income for each division.