Exercise 13-26 Residual Income (LO 13-2) The following data pertain to Dakota Division's most recent year of operations. Income sales revenue Average invested capital $ 11,500,000 140,000,000 53,000,000 Assume that the company's minimum desired rate of return on invested capital is 12 percent. Required: Compute Dakota Division's residual income for the year. Residual income

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Exercise 13-26 Residual Income (LO 13-2)
The following data pertain to Dakota Division's most recent year of operations.
Income
sales revenue
Average invested capital
$ 11,500,000
140,000,000
53,000,000
Assume that the company's minimum desired rate of return on invested capital is 12 percent.
Required:
Compute Dakota Division's residual income for the year.
Residual income
Transcribed Image Text:Exercise 13-26 Residual Income (LO 13-2) The following data pertain to Dakota Division's most recent year of operations. Income sales revenue Average invested capital $ 11,500,000 140,000,000 53,000,000 Assume that the company's minimum desired rate of return on invested capital is 12 percent. Required: Compute Dakota Division's residual income for the year. Residual income
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