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LIE The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $4,600,000 Operating income $690,000 Total assets $2,000,000

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LIE The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $4,600,000 Operating income $690,000 Total assets $2,000,000 Current liabilities $210,000 Management's target rate of return is 10% and the weighted average cost of capital is 6%. What is the Top Hat Division's Residual Income (RI)? O A. $276,000 B. $490,000 C. $480,000 D. $230,000

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