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Carter Company reported the following financial numbers for one of Its divisions for the year average total assets of $4, 180,000; sales of $4, 605,000;

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Carter Company reported the following financial numbers for one of Its divisions for the year average total assets of $4, 180,000; sales of $4, 605,000; cost of goods sold of $2, 630,000; and operating expenses of $1, 452,000. Assume a target income of 9% of average invested assets. Compute residual income for the division: $177, 750. $47, 070. $156.800 $104, 300 $146, 800

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