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Holo Company reported the following financial numbers for one of its divisions for the year, average total assets of $5,900,000; sales of $5.475,000 cost of
Holo Company reported the following financial numbers for one of its divisions for the year, average total assets of $5,900,000; sales of $5.475,000 cost of goods sold of $3,275.000; and operating expenses of $1157000. Assume a target income of 15% of average invested assets. Compute residual income for the division: $156,450 $221750 $158,000 $104,300
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