18.

Test Company reported residual income of $6,400 and average operating assets of $160,000. The required rate of return is 6%.

Determine operating income for the period.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Example: $12,345

19.

Test Company reported sales of $80,000, margin of 20%, and turnover of 50%. The required rate of return is 8%.

Determine residual income.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Example: $12,345

20.

Test Company reported operating income of $6,400 and after-tax income of $5,120. Total capital employed totaled $60,000, and the cost of capital was 8%.

Determine the economic value added (EVA).