The following information pertains to Travis Concrete: Sales revenue$1,500,000 Gross margin 600,000 Income 90,000 Invested capital 450,000 The company's imputed interest rate is 8%.The residual income is:
A. $42,000.
B. $82,800.
C. $36,000.
D. $30,000.
E. $54,000.
Answer: E
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