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Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information...

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Accounting

Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results:

Adams Division Jefferson Division
Net (after-tax) income $665,500 $368,550
Total capital employed 4,240,000 3,867,500

In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 11%.

Required:

Enter negative values as negative numbers.

1. Calculate the residual income for the Adams Division. $

2. Calculate the residual income for the Jefferson Division. $

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