Question: A Moving to another question will save this response. Question 10 The Top Hat Division of Blandon's Fine Menswear had the following results last year

A Moving to another question will save this response. Question 10 The Top Hat Division of Blandon's Fine Menswear had the following results

A Moving to another question will save this response. Question 10 The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales Operating Income Total assets Current liabilities $4,500,000 $675,000 $3,000,000 $250,000 Top Hat's tax rate is 40%. Management's required target rate of return is 12%. What is the Top Hat Division's Residual Income (RI)? $75,000 $405,000 $345,000 $135,000 A Moving to another question will save this response. Question 31 The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales Operating Income Total assets Current liabilities $4,500,000 $675,000 $3,000,000 $250,000 Top Hat's tax rate is 40%. Management's required target rate of return is 12%. What is the Top Hat Division's Return on Investment (ROI)? 14.73% 15.00% 5.56% 24.45%

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