24:48 Howard Company has sales revenue of $404,000 resulting in net operating income of $50,500. Average invested assets are $202,000. What is the residual income if the hurdle rate is 17%? Multiple Choice O O $101,000 $68,680 ($6,160) $16,160

Howard Company has sales revenue of $404,000 resulting in net operating income of $50,500. Average invested assets are $202,000. What is the residual income if the hurdle rate is 17% ? Multiple Choice $101,000 $68,680 ($6,160) $16,160