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Author Question: Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as ... (Read 312 times)

rlane42

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Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as follows:

Sales $2,100,000
Operating income $420,000
Total assets $1,050,000
Current liabilities $200,000
Target rate of return12%
Weighted average cost of capital10%


What is The Plastic Lumber Company's Outdoor Furniture Division residual income?
◦ $126,000
◦ $315,000
◦ $396,000
◦ $294,000


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Marked as best answer by rlane42 on Jan 5, 2020

BUTTHOL369

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