The Top Hat Division of Blandon's Fine Menswear had the following results last year (in...
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The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands) Sales Operating income Total assets $4,600,000 $690,000 S2,000,000 230,000 Current liabilities Management's target rate of return is 9% and the weighted average cost of capital is 5% What is the Top Hat Division's Residual Income (RI)? O A. $230,000 OB. $510,000 OC. $460,000 D. $276,000
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