$11$

Assume a company had sales of $$1,500,000,$ residual income of $$133,000,$ a minimum required rate of return on average operating assets of $17\%,$ and average operating assets of $$1,000,000.$ What is the company's net operating income?

$02$:$01$:$51$

Multiple Choice

$$37,000$

$$122,000$

$$388,000$

$$303,000$