Sales $33,750 $24,750 Cost of goods sold 938 16,830 Gross profit $11,812 $7,920 Wages $8,775 $6,188 Utilities 675 250 Repairs Selling Total expenses 169 325 506 200 $10,125 $6,963 Operating income ? ? Operating income % ? ? Total assets (investment base) $4,500 $1,500 Return on investment 7 7 Residual income (8% cost of capital) ? ? Determine the operating income (loss) (dollars) for each ye Determine the operating income (percentage) for each yea The company made a strategic decision to invest in additio investment. Was the decision to invest additional assets in the company Assuming an 8% cost of capital, calculate the residual incon Use this template to help with your assignment. Submitting your assignment in APA format means, at a minimum Type here to search