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30. Sanford Company reported the following information for the current year: Sales Average operating assets Desired ROI Net income $ 880,000 $ 475,000 10% $
30. Sanford Company reported the following information for the current year: Sales Average operating assets Desired ROI Net income $ 880,000 $ 475,000 10% $ 90,000 Required: Show your work if you want partial credit. Total points: 14 1. Based on this information, calculate the company's residual income. 2. List and comment on at least one positive and one negative characteristic of RI/EVA and explain why
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