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Business, 08.07.2021 18:20 elijahjacksonrp6z2o7

Carter Company reported the following financial numbers for one of its divisions for the year, average total assets of $4,705.000; sales of $4,705,000; cost of goods sold of $2,730,000; and operating expenses of $1,552,000. Assume a target income of 8% of average invested assets. Compute residual income for the division.

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