The Consumer Division of Galena Company has income from operations of $66,580 and assets of $328,000. The minimum acceptable return on assets is 7%. What is the residual income for the division?
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Residual Income
The Consumer Division of Galena Company has income from operations of $66,580 and assets of $328,000. The minimum acceptable return on assets is 7%.
What is the residual income for the division?
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