Multiple Choice
Blancher Corporation had $495,000 in invested assets, sales of $660,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The residual income for Blancher is:
A) $24,750.
B) $17,820.
C) $14,850.
D) $16,500.
Correct Answer:
Verified
Correct Answer:
Verified
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