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Please provide the formula! Thank you Ewan Logistics provides the following information: Operating income $1,550,00 Net sales $14,500,000 Average total assets $1,850,000 Management's target rate

Please provide the formula! Thank you

Ewan Logistics provides the following information:

Operating income $1,550,00
Net sales $14,500,000
Average total assets $1,850,000
Management's target rate of return 20%

What is the company's residual income?

A.$1,180,000

B.$1,540,000

C.$(300,000)

D.$370,000

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