Question
The Finishing Division of Zhang Corporation reported a residual income of $431435. The division had $8980744 million of invested capital and a profit of $1487257
The Finishing Division of Zhang Corporation reported a residual income of $431435. The division had $8980744 million of invested capital and a profit of $1487257 million. Compute the imputed interest rate of the corporation. (Present the final answer as a percentage to 2-decimal places.)
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Management Accounting
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
6th Canadian edition
013257084X, 1846589207, 978-0132570848
