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What is the residual income for the year

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Question - David Jones Ltd sales are $1,500,000, the profit is $90,000, the invested capital is $450,000 and the interest rate is 8 per cent. What is the residual income for the year?

a. $36,000

b. ($30,000)

c. $54,000

d. $82,800

Reference no: EM133014621

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