Answer: D. $158,400
Calculate the residual income of Sousa Corporation.
Sousa Corporation provides the following financial? information:
Minimum acceptable operating income $556,600
Average total assets $2,600,000
Operating income $715,000
Return on investment 28%
Net sales $850,000
A. $435,600
B. $2,043,400
C. $293,400
D. $158,400
Business
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