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The Commercial Division of Galena Company has operating income of $191,840 and assets of $545,000. The minimum acceptable ret

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Answer:

Residual Income = Net Operating income – (Minimum Required Return *Operating Asset)
Residual Income = $191,840 – (0.11 * $545,000)
Residual Income = $191,840 - $59,950
Residual Income = $131,890

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