Assume a company reported the following results: 004 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $400,000 260,000 140,000 40,000 $100,000 $350,000 If the company's minimum required rate of return on average operating assets is 6%, its residual income would be Multiple Choice $46.000 $45.000 $47,000 $44,000 Prev 1 of 30 ! Next >