Multiple Choice $350,000. $475,000. $736,000. $375,000. $750,000

A company reported the followlng financlal Informatlon for one oflts dlvlslons: average total assets $12,600,000; sales $12,500,000; cost of goods sold $7,500,000; and operatlng expenses $2,500,000 Assume a target net Income of 14% of average Invested assets. Compute resldual Income for the dlvlslon: Multlple Cholce o o o C) o $ 350,000. $ 475,000 $ 736,000 $ 375,000 $ 750,000