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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is

Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 25% and the weighted average cost of capital is 30%. Its effective tax rate is 25%. Sales $ 5 comma 000 comma 000 Operating income 1 comma 000 comma 000 Total assets 3 comma 500 comma 000 Current liabilities 840 comma 000 What is the division's Residual Income (RI)?

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