Question: urgently required Question 3 (2 points) A division has the following information available: Sales $23,000 Operating income $7,000 Average operating assets $45,000 Minimum required rate

urgently required

urgently required Question 3 (2 points) A division has the following information

Question 3 (2 points) A division has the following information available: Sales $23,000 Operating income $7,000 Average operating assets $45,000 Minimum required rate of 14% return This division has an opportunity to invest $105,000 in an asset that would create additional operating income of $30,000. Required: Calculate the residual income of this investment opportunity and enter your answer in the space below. Do not enter dollar signs. commas or decimals (i.e. 0000)

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