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Business, 25.11.2019 23:31 codyshs160

Pendant publishing reported the following results for its textbook division: sales $4,600,000 operating income $690,000 total assets $2,000,000 current liabilities $920,000 pendant's target rate of return is 13% and the weighted average cost of capital is 11%. its effective tax rate is 35%. what is the textbook division's residual income (ri)?

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