Abbe company reported the following financial numbers for, Accounting Basics

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Abbe company reported the following financial numbers for

Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,300,000; sales of $4,725,000; cost of goods sold of $2,750,000; and operating expenses of $1,572,000. Assume a target income of 8% of average invested assets. Compute residual income for the division:

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Accounting Basics: Abbe company reported the following financial numbers for

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