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The following information is available for Division A of Drexel Corp. for this financial year: Sales Income Assets Liabilities Target Return on Capital Weighted Average
The following information is available for Division A of Drexel Corp. for this financial year: Sales Income Assets Liabilities Target Return on Capital Weighted Average Cost of Capital| Tax Rate $2,000,000 $400,000 $500,000 $100,000 10% 8% 30% | What was the Divison's Residual Income (RI) and and Economic Value Added (EVA) for the year? O RI: $360,000; EVA: $240,000 O RI: $350,000; EVA: $240,000 O RI: $360,000; EVA: $248,000 O RI: $350,000; EVA: $248,000
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