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Business, 03.12.2021 21:20 Whitehouse9

Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,230,000; sales of $4,655,000; cost of goods sold of $2,680,000; and operating expenses of $1,502,000. Assume a target income of 9% of average invested assets. Compute residual income for the division:

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