Please provide the formula! Thank you! Sun, Inc. has average total assets of $450,000. The...
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Please provide the formula! Thank you!
Sun, Inc. has average total assets of $450,000. The annual operating income of the company is $100,000. The target rate of return for the company is 15%. Calculate the residual income.
A.$15,000
B.$350,000
C$32,500
D.$67,500
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