Exercise 9.9A (Algo) Residual income LO 9.3 Rooney Corporation has a desired rate of return of 8 percent. William Tobin is in charge of one of Rooney's three investment centers. His center controlled operating assets of $2,500,000 that were used to earn $271,000 of operating income Required Compute Mr. Tobin's residual income Exercise 9.9A (Algo) Residual income LO 9.3 Rooney Corporation has a desired rate of return of 8 percent. William Tobin is in charge of one of Rooney's three investment centers. His center controlled operating assets of $2,500,000 that were used to earn $271,000 of operating income Required Compute Mr. Tobin's residual income