The Casket Division of Roybal Corporation had average operating assets of $750,000 and net operating income of $86,700 in March. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 13%.
Required:
What was the Casket Division's residual income in March?

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The Answer of The Casket Division of Roybal Corporation had average operating assets of $750,000 and net operating income of $86,700 in March. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 13%.
Required:
What was the Casket Division's residual income in March?

The Casket Division of Roybal Corporation Had Average Operating Assets