The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands) . 
Management's target rate of return is 12% and the weighted average cost of capital is 9%.
What is the Top Hat Division's Residual Income (RI) ?
A) $ 135,000
B) $ 405,000
C) $ 225,000
D) $ 315,000
Correct Answer:
Verified
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