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Sheridan Company recorded the following operating data: Sales $1251000 Contribution margin 489000 Total direct fixed costs 405000 Total operating assets Jan. 1, 2022 749000 Total
Sheridan Company recorded the following operating data:
| Sales | $1251000 |
| Contribution margin | 489000 |
| Total direct fixed costs | 405000 |
| Total operating assets Jan. 1, 2022 | 749000 |
| Total operating assets Dec. 31, 2022 | 789000 |
| Sheridan Companys desired return | 14% |
What is Sheridan Companys residual income?
($26460)
($23660)
$18160
($18160)
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
