The Casket Division of Saal Corporation had average operating assets of $1,100,000 and net operating income of $285,200 in January. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 19%.Required:What was the Casket Division's residual income in January?Residual income?
What will be an ideal response?
| Residual income | $76,200? |
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