19. Holocompany reported the following financial numbers for one of its divisions for the year;...
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19. Holocompany reported the following financial numbers for one of its divisions for the year; average total assets of $5,910,000; sales of $5,485,000; cost of good sold $3,280,000; and operating expenses of $1,158,000. Assume a target income of 14% of average invested assets. Compute the residual income for the division: $146,580 $279,100 $146,627 $219,600 $104,700
19. Holocompany reported the following financial numbers for one of its divisions for the year; average total assets of $5,910,000; sales of $5,485,000; cost of good sold $3,280,000; and operating expenses of $1,158,000. Assume a target income of 14% of average invested assets. Compute the residual income for the division:
$146,580
$279,100
$146,627
$219,600
$104,700
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