. Ferris Wares is a division of a major corporation. The following data are for...
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Accounting
. Ferris Wares is a division of a major corporation. The following data are for the latest year of operations: Sales...................... $12,700,000
NOI......................... $1,054,100
Avg. Op. Assets....... $5,000,000
Min. Required rate of return.......16%
Required: a. What is the division's residual income?
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