Question
The following data pertain to Dakota Divisions most recent year of operations. Income $ 11,500,000 Sales revenue 140,000,000 Average invested capital 53,000,000 Assume that the
The following data pertain to Dakota Divisions most recent year of operations.
| Income | $ | 11,500,000 | |
| Sales revenue | 140,000,000 | ||
| Average invested capital | 53,000,000 | ||
Assume that the companys minimum desired rate of return on invested capital is 12 percent. Required: Compute Dakota Divisions residual income for the year.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
