QUESTION 19 Assume a company reported the following results: Sales Vanable expenses Contribution margin Fixed expenses Net operating income Average operating assets $400,000 260,000 140,000 40.000 $100,000 $500,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: O $21,000 $20,000 $22.000 O $23,000 QUESTION 20 Click Save and Submit to save and submit. Click Save All Answers to save all answers