Sales Operating income Total assets Current liabilities $4,200,000 $840,000 $1,500,000 $670,000 Pendant's target...
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Sales Operating income Total assets Current liabilities $4,200,000 $840,000 $1,500,000 $670,000 Pendant's target rate of return is 7% and the weighted average cost of capital is 6%. Its effective tax rate is 20%. What is the Textbook Division's Residual Income (RI)? O A. $90,000 OB. $105,000 O C. $342,000 OD. $735,000
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