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Residual Income S . P . R . Company has two divisions: the Tana Division and the Rabinur Division. The following information pertains to last
Residual Income
SPR Company has two divisions: the Tana Division and the Rabinur Division. The following information pertains to last year's results:
In addition, SPR Company's top management has set a minimum acceptable rate of return equal to
Required:
If required, round your answers to the nearest dollar and use the minus sign to indicate a negative value.
Calculate the residual income for the Tana Division.
$
Calculate the residual income for the Rabinur Division.
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