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How much is the residual income

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Reference no: EM133007494

The following selected data pertain to the best division of Ivana Corporation for 2020:

Sales P2,000,000
Average invested capital 500,000
Operating income 300,000
Capital turnover 4.0
Imputed interest rate 18%

Problem 1: How much is the residual income?

A. P0
B. P200,000
C. P246,000
D. P210,000

Reference no: EM133007494

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