Residual Income The Avila Division of Maldonado Company had operating income last year of $112,300 and average operating assets of $760,000. Maldonado's minimum acceptable rate of return is 10%. Required: 1. Calculate the residual income for the Avila Division. Round your answer to the nearest dollar. Residual income $ 2. Was the ROI for the Avila Division greater than, less than, or equal to 10%?
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