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Residual Income The Avila Division of Maldonado Company had operating income last year of $ 1 1 2 , 4 0 0 and average operating

Residual Income
The Avila Division of Maldonado Company had operating income last year of $112,400 and average operating assets of $790,000.
Maldonado's minimum acceptable rate of return is 5%.
Required:
Calculate the residual income for the Avila Division. Round your answer to the nearest dollar.
Residual income $
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