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bernie2981 bernie2981
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8 years ago
The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands).

Sales   $4,500,000
Operating income   $675,000
Total assets    $3,000,000
Current liabilities    $250,000

Management's target rate of return is 12% and the weighted average cost of capital is 9%.

What is the Top Hat Division's Residual Income (RI)?
A) $225,000
B) $405,000
C) $135,000
D) $315,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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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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