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Picard Company reported the following information for 2012: Sales $870,000 Average Operating Assets $370,000 Desired ROI 15% Operating Income $ 57,000 The company's residual income

Picard Company reported the following information for 2012:

Sales	$870,000
Average Operating Assets	$370,000
Desired ROI	15%
Operating Income	$ 57,000

The company's residual income for 2012 was:

a- $19,500.

b- $55,500.

c- $1,500.

d- $18,000.

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