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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: begin{tabular}{|rrr} & Adams
Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results: \begin{tabular}{|rrr} & Adams Division & Jefferson Division \\ \hline Net (after-tax) income & $713,900 & $359,100 \\ \hline Total capital employed & 4,560,000 & 3,250,000 \end{tabular} In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 7%. Required: Enter negative values as negative numbers. 1. Calculate the residual income for the Adams Division. 2. Calculate the residual income for the Jefferson Division
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