Raisin Corporation uses residual income to evaluate the performance of its divisions. The minimum required rate of return for performance evaluation purposes is 19%. The Processed Foods Division had average operating assets of $410,000 and net operating income of $86,000 in June.
Required:
What was the Processed Foods Division's residual income in June?

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The Answer of Raisin Corporation uses residual income to evaluate the performance of its divisions. The minimum required rate of return for performance evaluation purposes is 19%. The Processed Foods Division had average operating assets of $410,000 and net operating income of $86,000 in June.
Required:
What was the Processed Foods Division's residual income in June?

Raisin Corporation Uses Residual Income to Evaluate the Performance of Its