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Title: The Pasta Division of Whole Grain Corporation had sales of $5,500,000 and operating income of $1,375 Post by: bernie2981 on Nov 14, 2015 The Pasta Division of Whole Grain Corporation had sales of $5,500,000 and operating income of $1,375,000 last year. The total assets of the Pasta Division were $2,750,000, while current liabilities were $330,000. Whole Grain Corporation's target rate of return is 12%, while its weighted average cost of capital is 8%. The effective tax rate for the company is 30%.
What is the Pasta Division's Residual Income (RI)? A) $1,045,000 B) $1,155,000 C) $768,900 D) $330,000 Title: Re: The Pasta Division of Whole Grain Corporation had sales of $5,500,000 and operating income of $1 Post by: nuclei on Nov 21, 2015 Content hidden
Title: Re: The Pasta Division of Whole Grain Corporation had sales of $5,500,000 and operating income of $1,375 Post by: bernie2981 on Dec 1, 2015 You're such a dedicated member, I very much appreciate the help.
Marking this solved ✓ Title: Re: The Pasta Division of Whole Grain Corporation had sales of $5,500,000 and operating income of ... Post by: Music Cafe on Jan 14, 2021 Thank you
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