The following information relates to the Corner Division of Hometown Enterprises:
Income for the period just ended: $1,500,000
Invested capital: $12,000,000
If the company has an imputed interest rate of 11%, Corner's residual income would be:
A) $165,000.
B) $180,000.
C) $187,500.
D) Some other dollar amount other than the ones given.
E) A percentage greater than 11%.
Correct Answer:
Verified
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