Business, 21.04.2020 19:22 morgandodd2001
Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year 2014. Agriculture Division Industrial Division Sales revenue $140,000 $1,040,000 Operating income $ 47 comma 000 $220,000 Average total assets $ 100 comma 000 $5,540,000 Target rate of return 14.0% 14.0% Calculate the residual income for the Agriculture division.
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