Exercise 11-29 Residual Income The Avila Division of Maldonado Company had operating income last year...
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Exercise 11-29 Residual Income The Avila Division of Maldonado Company had operating income last year of $136400 and average operating assets of $1,900,000. Maldonado's minimum acceptable rate of return is 9%. (Note: Round all answers to two decimal places.) Required: 1. Calculate the residual income for the Avila Division. 2. Was the ROI for the Avila Division greater than, less than, or equal to 9%
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