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Carter Company Reported the Following Financial Numbers for One of Its

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Carter Company reported the following financial numbers for one of its divisions for the year;average total assets of $4,100,000;sales of $4,525,000;cost of goods sold of $2,550,000;and operating expenses of $1,372,000.Assume a target income of 10% of average invested assets.Compute residual income for the division:

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