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Exercise 15-14A (Algo) Residual income LO 15-7 Finch Corporation has a desired rate of retum of 6 percent. Willam Tobin is in charge of one

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Exercise 15-14A (Algo) Residual income LO 15-7 Finch Corporation has a desired rate of retum of 6 percent. Willam Tobin is in charge of one of Finch's three investment centers. His center controlled operating assets of $2,450,000 that were used to earn $271,000 of operating income: Required Compute Mr. Tobin's residual income

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