Reef Corp. has revenues of $510,000 resulting in an operating income of $55,080. Invested assets total...

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Reef Corp. has revenues of $510,000 resulting in an operating income of $55,080. Invested assets total $620,000, and the cost of capital is 6%. Calculate the increase in residual income if sales increase by 10% and the profit margin and invested assets remain the same. Multiple Choice $24.432 $7608 50 $5.508 Reef Corp. has revenues of $510,000 resulting in an operating income of $55,080. Invested assets total $620,000, and the cost of capital is 6%. Calculate the increase in residual income if sales increase by 10% and the profit margin and invested assets remain the same. Multiple Choice $24.432 $7608 50 $5.508