King Corporation has sales revenue of $1,630,000 resulting in net operating income of $114,100. Average invested assets total $815,000, and the hurdle rate is 6%. Calculate the residual income if sales increase by 10% and the profit margin and invested assets remain constant. Multiple Choice $76,610 $0 $48,900 $125,510

King Corporation has sales revenue of $1,630,000 resulting in net operating income of $114,100. Average invested assets total $815,000, and the hurdle rate is 6%. Calculate the residual income if sales increase by 10% and the profit margin and invested assets remain constant. Multiple Choice 576,610 30 $48.900 $125,510