LEKERS3 Residual Income The operating income and the amount of invested assets in each division...
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LEKERS3 Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income $55,800 110,000 46,800 Assume that management has established a 8% minimum acceptable return for invested assets. Retail Division Commercial Division Internet Division a. Determine the residual income for each division. Invested Assets $310,000 550,000 360,000 Operating income Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income? Retail Division $55,800 Commercial Division $110,000 # X LA 1 Internet Divisio $46,8 3
Residual Income The operating income and the amount of invested assets in each division of Conley Industrias are as follows: Assume that management has established a 8% minimum acceptable return for invested assets. a. Determune the residual income for eoch division. he operating income and the amount of invested assets in each division of Conley industries are as follows: Issume that management has established a 8% minimum occeptable retum for invested assets. Determine the residual income for each divsion
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