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10. Quarry Co. Revenue Costs Average assets 400,000 600,000 Smith Barney $412,000 $450,000 380,000 411,000 Based on the Quarry Company information, and a target/hurdle rate
10. Quarry Co. Revenue Costs Average assets 400,000 600,000 Smith Barney $412,000 $450,000 380,000 411,000 Based on the Quarry Company information, and a target/hurdle rate of 7%, what is residual income for Smith and Barney? O Smith: $(3,000); Barney: $4,000 O Smith: $4,000, Barney: $(3,000) O Smith: $8%; Barney: 6.5% O Smith: $0; Barney $o O Smith: $28,000; Barney: $42,000
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