In August, the Universal Solutions Division of Jugan Corporation had average operating assets of $870,000...
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Accounting
In August, the Universal Solutions Division of Jugan Corporation had average operating assets of $870,000 and net operating income of $97,500. The company uses residual income, with a minimum required rate of return of 12%, to evaluate the performance of its divisions. What was the Universal Solutions Division's residual income in August?
| $6,900 | |
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