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Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results: Adams Division Jefferson

Residual Income

Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results:

Adams Division Jefferson Division Net ( after - tax ) income $671, 550 $ 337, 050 Total capital employed 4 , 640 , 000 3 , 477 , 500 In addition , Washington Company's top management has set a minimum acceptable rate of return equal to 7%0

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