The following data pertain to Dakota Divisions most recent year of operations Income $ 10,500,000 Sales revenue 130,000,000 Average invested capital 51,000,000 Assume that the companys minimum desired rate of return on invested capital is 10 percent Required Compute Dakota Divisions residual income for the year

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The following data pertain to Dakota Divisions most recent year of operations. Income $ 10,500,000 Sales revenue 130,000,000 Average invested capital 51,000,000 Assume that the

The following data pertain to Dakota Divisions most recent year of operations.


Income	$	10,500,000
Sales revenue		130,000,000
Average invested capital		51,000,000

Assume that the companys minimum desired rate of return on invested capital is 10 percent.

Required:

Compute Dakota Divisions residual income for the year.

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