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Yoho Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000 and operating expenses of $1,147,000. Assume a target income of 15% of average invested assets. Compute residual income for the division?

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Accounting Basics, Accounting

Category:- Accounting Basics
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