Question

Refer to the data for Exercise 13–24. Assume that the company’s minimum desired rate of return on invested capital is 11 percent.
In Exercise 13–24.
Income.................................................................................. $ 10,000,000
Sales revenue........................................................................ 125,000,000
Average invested capital..................................................... 50,000,000

Required:
Compute Pensacola Division’s residual income for the year.



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  • CreatedApril 22, 2014
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