Brief Exercise 19-19 (Algo) Tinsley Plastics manufactures plastic bottles... [LO 19-2] Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $550,000. If the required rate of return is 15% on average assets and the firm wants to have residual income (RI) of $105,000 for this quarter,

what must its profits be?

Profit