please double check your answers! thank you Residual Income The Avila Division...
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Residual Income The Avila Division of Maldonado Company had operating income last year of $112,400 and average operating assets of $780,000. Maldonado's minimum acceptable rate of return is 5%. Required: 1. Calculate the residual income for the Avila Division. Round your answer to the nearest dollar. Residual income $ 2. Was the ROI for the Avila Division greater than, less than or equal to 5%? Greater than 5% Check My Work Compute the residual income operating income. (minimum rate of return x average operating assets) Review the "How to Calculate Residual Income" example in your text
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