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What is the residue income

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Question - Kimbo PLC has three subsidiaries. Subsidiary Y has a controllable margin of Sh.150,000 on revenues of Sh.1,000,000. Average invested assets were Sh.600,000. Kimbo PLC requires a 15% minimum rate of return. What is the Residue Income (RI)?

a. Sh.150,000

b. Sh.60,000

c. Sh.450,000

d. Sh.0

Reference no: EM133100534

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