Assign X G calcul x psyc30 x econd X acct- 188838/quizzes/1619845/take What is the residual income for the current year? RUSH DELIVERY COMPANY Income Statement Comparison Current Year Prior Year (Amounts in thousands) Sales $15,000 $11,000 Cost of goods sold 9,750 7,480 Gross profit $5,250 $3,520 Wages $3,900 $3,080 Utilities 300 250 Repairs 75 325 Selling 225 200 Total expenses Operating income/(loss) $4,500 $3,855 ? Operating income/(loss) % ? Total assets (investment base) $4,500 Return on investment ? $1,500 ? Residual income (8% cost of capital) ? O $390 -$455 $269 O $368 * 1 F7