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Business, 30.11.2019 05:31 msc1595

Carter company reported the following financial numbers for one of its divisions for the year; average total assets of $4,110,000; sales of $4,535,000; cost of goods sold of $2,560,000; and operating expenses of $1,382,000. assume a target income of 11% of average invested assets. compute residual income for the division:

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