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The Jet Ski Division of Roarie Boats Corporation had the following results last year. Sales Operating income Total assets Current liabilities $4,700,000 $700,000 $3,900,000 $300,000

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The Jet Ski Division of Roarie Boats Corporation had the following results last year. Sales Operating income Total assets Current liabilities $4,700,000 $700,000 $3,900,000 $300,000 Management's target rate of return is 13% and the weighted average cost of capital is 12%. What is the Jet Ski Division's Residual Income (RIX $507.000 $193,000 $700,000 $91,000

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