Question
Question 9 The Finishing Division of Med Corporation reported a residual income of $159443. The division had $8203766 of invested capital and a profit of
Question 9
The Finishing Division of Med Corporation reported a residual income of $159443. The division had $8203766 of invested capital and a profit of $1043182. What is the imputed interest rate?(Present the final answer as a percentage, to 2 decimal places.)
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
