Question 23 The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $4,500,000 Operating Income $675,000 Total assets $3,000,000 Current liabilities $250,000 Top Hat's tax rate is 40%. Management's required target rate of return is 12% What is the Top Hat Division's Residual income (RI)? $75,000 $405,000 $345.000 $135,000 A Moving to another question will save this response