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Edinger Industries Is a Division of a Major Corporation Required:
What Is the Division's Residual Income

question 93

Essay

Edinger Industries is a division of a major corporation. The following data are for the latest year of operations:
 Sales $20,760,000 Net operating income $2,553,480 Average operating assets $6,000,000 The compary’s minirnum required rate of retum 16%\begin{array}{l}\text { Sales } & \$ 20,760,000 \\\text { Net operating income } & \$ 2,553,480 \\\text { Average operating assets } & \$ 6,000,000\\\text { The compary's minirnum required rate of retum }&16\%\end{array}
Required:
What is the division's residual income?

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Definitions:

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Ethnic Disparities

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Well-Year

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