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Residual Income Calculation : Calculate the residual income for a division with the following data: Operating Income $150,000, Minimum Required Rate of Return 10%, Average

Residual Income Calculation: Calculate the residual income for a division with the following data: Operating Income $150,000, Minimum Required Rate of Return 10%, Average Operating Assets $1,000,000. What is the residual income, and what does it indicate?

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