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Residual Income The Avila Division of Maldonado Company had operating income last year of $112,200 and average operating assets of $780,000. Maldonado's minimum acceptable rate
Residual Income The Avila Division of Maldonado Company had operating income last year of $112,200 and average operating assets of $780,000. Maldonado's minimum acceptable rate of return is 10% Required: 1. Calculate the residual income for the Avila Division. Round your answer to the nearest dollar. Residual income 2. was the ROI for the Avila Division greater than, less than, or equal to 10%
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