urrent Attempt $in$ Progress

Sheridan Company had the following results during the most recent year: sales $$550,000$; residual income $$4,400$; investment

turnover $2\mathrm{.}50$; and a required rate $of$ return $of19\%.$

$(a)$

Calculate the total

assets.

$($b$)$ Calculate Operating $($pretax$)$ income