Business
Business, 15.04.2021 16:00, imsatyam9365

The Rainy Division of Seattle Corporation reported the following results from the past year. Shareholders require a return of​ 5%. Management calculated a weightedaverage cost of capital​ (WACC) of​ 3%. Rainy's corporate tax rate is​ 25%. Sales ​$600,000 Operating income ​180,000 Total assets ​1,300,000 Current liabilities ​300,000 What is the​ division's Residual Income​ (RI)? A. ​$115,000 B. ​$180,000 C. ​$30,000 D. ​$150,000

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