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What the residual income for specialty chemicals division

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Reference no: EM132529482

For the year 2019, the specialty chemicals division of Newmont and Co., had a capital turnover ratio of 2, return on sales of 25% and total revenues of $600 M(million). The required rate of return used for residual income calculation by Newmont and Co., is 15%.

Question 1: The 2019 residual income for the specialty chemicals division was

Option 1: $120 Mn

Option 2: $80 Mn

Option 3: $150 Mn

Option 4: $210 Mn

Option 5: -$30 Mn

Option 6: $105 Mn

Reference no: EM132529482

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