Sunglo Products Inc. provided the following information: Average total assets$1,200,000 Net sales8,000,000 Operating Income900,000 Management's target rate
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Question:
Sunglo Products Inc. provided the following information:
Average total assets$1,200,000
Net sales8,000,000
Operating Income900,000
Management's target rate of return18%
What is the company's residual income?
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