t-selvnesme. V engage brightSpace . Vitasource Booksh o le Monfett Manufacturing earned operating income last year as shown in the following income statement: Sales $620,000 316,000 Cost of goods sold Gross margin $304,000 219,000 $85,000 Selling and administrative expense Operating income Less: Income taxes (at 40%) Net income 34,000 $51,000 At the beginning of the year, the value of operating assets was $263,000. At the end of the year, the value of operating assets was $336,000. Monfett Manufacturing requires a minimum rate of return of 15%. Total capital employed equals $350,000 and actual cost of capital is 6%. Calculate the following: A. Residual income B. EVA Previous Next O e a 9