13 00:38:10 Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $400,000 260,000 140,000 40,000 $ 100,000 $425,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice $33,000. $35,000. $32,000. $34,000.