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What is the residual income for the year

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Reference no: EM132530119

Question 1: For Echuca Ltd sales are $1500000, profit is $90000, invested capital is $450000 and the interest rate is 8 percent. What is the residual income for the year?

Option A. ($30000)

Option B. $54000

Option C. $82800

Option D. $36000

Reference no: EM132530119

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