Carter Company reported the following financial numbers for one of its divisions for the year...
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Accounting
Carter Company reported the following financial numbers for one of its divisions for the year average total assets of $4.260,000; sales of $4,685,000. cost of goods sold of $2,710,000; and operating expenses of $1,532,000. Assume a target income of 8% of average invested assets. Compute residual income for the division Multiple Choice $59700 $112200 5158 000 O O $59,700. O O $112.200. ( $158,000. O O $102,200 $35.440
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