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The following data pertain to Pensacola Division's most recent year of operations. Income Sales revenue Average invested $ 17,000,000 195,000,000 64,000,000 capital Assume that the

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The following data pertain to Pensacola Division's most recent year of operations. Income Sales revenue Average invested $ 17,000,000 195,000,000 64,000,000 capital Assume that the company's minimum desired rate of return on invested capital is 11 percent. Required: Compute Pensacola Division's residual income for the year. Residual income

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