zzy Division of Marine Boats Corporation had the following results last year (in thousands). Sales $ 4 comma 700 comma 000 Operating income $ 600 comma 000 Total assets $ 3 comma 600 comma 000 Current liabilities $ 220 comma 000 Management's target rate of return is 12 % and the weighted average cost of capital is 5 %. What is the Izzy Division's Residual Income (RI) ? A. $ 72 comma 000 B. $ 432 comma 000 C. $ 168 comma 000 D. $ 600 comma 000
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “zzy Division of Marine Boats Corporation had the following results last year (in thousands). Sales $ 4 comma 700 comma 000 Operating income ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » zzy Division of Marine Boats Corporation had the following results last year (in thousands). Sales $ 4 comma 700 comma 000 Operating income $ 600 comma 000 Total assets $ 3 comma 600 comma 000 Current liabilities $ 220 comma 000 Management's target