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Business, 30.11.2020 16:30 231agoad

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,990,000; sales of $5,565,000; cost of goods sold of $3,320,000; and operating expenses of $1,166,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:

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