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The following selected data pertain to Balmoral Co.'s Beam Division for 2018: Sales $1,000,000 Variable costs 600,000 Fixed costs 100,000 Average invested capital 200,000 Minimum

The following selected data pertain to Balmoral Co.'s Beam Division for 2018:

Sales

$1,000,000

Variable costs

600,000

Fixed costs

100,000

Average invested capital

200,000

Minimum required rate of return

15%

1. How much is the residual income? $ ___________________

2. How much is the return on investment? ______ %

work must be shown

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