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Washington company has two divisions the adams division and

Question - Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results:

	Adams Division	Jefferson Division
Net (after-tax) income	$647,350	$324,450
Total capital employed	4,360,000	3,640,000

In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 8%.

Required: Enter negative values as negative numbers.

1. Calculate the residual income for the Adams Division.

2. Calculate the residual income for the Jefferson Division.

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Accounting Basics: Washington company has two divisions the adams division and

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