Last years residual income sales 15,200,000 variable expense 9,470,000 Contribution Margin 5,730,000 Fixed Expenses 4,818,000 Net Operating income 912,000 minimum required rate of return 12 average operating assets were 8,000,000 what formula do I use to get residual income exhibit 12B 1 jpg X M MHE Reader x Connect X A ezto mheducation com ext map index html con con external browser 0 launchUrl https 253A 252F 252Fnewconnect mheducation Final Exam i Saved Help Save Exit Submit 16 Bungert Inc reported the following results from last year's operations Sales $15, 200, 000 Variable expenses 9 , 470, 000 Skipped Contribution margin 5 , 730, 000 Fixed expenses 4, 818, 000 Net operating income $ 912, 000 The company's minimum required rate of return is 12 and its average operating assets were $8,000,000 Last year's residual income was closest to Multiple Choice O $912,000 () ($48,000) Mc Graw Hill 7 27 Education

Question

Last years residual income sales  15,200,000 variable expense  9,470,000 Contribution Margin 5,730,000 Fixed Expenses 4,818,000 Net Operating income  912,000 minimum required rate of return 12  average operating assets were 8,000,000 what formula do I use to get residual income exhibit 12B 1 jpg X M MHE Reader x Connect X   A ezto mheducation com ext map index html  con con external browser 0 launchUrl https 253A 252F 252Fnewconnect mheducation   Final Exam i Saved Help Save   Exit Submit 16 Bungert Inc  reported the following results from last year's operations  Sales $15, 200, 000 Variable expenses 9 , 470, 000 Skipped Contribution margin 5 , 730, 000 Fixed expenses 4, 818, 000 Net operating income $ 912, 000 The company's minimum required rate of return is 12  and its average operating assets were $8,000,000  Last year's residual income was closest to  Multiple Choice O $912,000 () ($48,000) Mc Graw Hill 7 27 Education

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Last years residual income sales- 15,200,000 variable expense- 9,470,000 Contribution Margin 5,730,000 Fixed Expenses 4,818,000 Net Operating income- 912,000 minimum required rate of return 12%

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