Question: Division X of Tree Inc.'s has sales of $600,000, income from operations of $100,000 and assets of $450,000. The minimum acceptable rate of return

Division X of Tree Inc.'s has sales of $600,000, income from operations of $100,000 and assets of $450,000.

Division X of Tree Inc.'s has sales of $600,000, income from operations of $100,000 and assets of $450,000. The minimum acceptable rate of return on assets is 14%. What is the residual income for the division?

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