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TB MC Qu. 22-135 Carter Company reported the following... 13 Carter Company reported the following financial numbers for one of its divisions for the year,

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TB MC Qu. 22-135 Carter Company reported the following... 13 Carter Company reported the following financial numbers for one of its divisions for the year, average total assets of $4,200,000, sales of $4,625,000 cost of goods sold of $2,650,000, and operating expenses of $1,472,000. Assume a target income of 10% of average invested assets. Compute residual income for the division points 9 Multiple Choice

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