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Business, 17.04.2020 04:14 gabe2075

He Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $ 4 comma 500 comma 000 Operating income $ 675 comma 000 Total assets $ 3 comma 000 comma 000 Current liabilities $ 230 comma 000 Management's target rate of return is 7% and the weighted average cost of capital is 6%. What is the Top Hat Division's Residual Income (RI)?

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