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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows:

Sales   $2,300,000
Operating income    $414,000
Total assets    $718,750
Current liabilities    $180,000
Target rate of return   10%
Weighted average cost of capital   8%

What is The Portland Porcelain Works Coffee Mug Division residual income?
A) $396,000
B) $71,875
C) $342,125
D) $356,500
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Answers my question perfectly.
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