Question
Which of the following is the formula to calculate residual income? Operating income - average assets Operating income plus interest and depreciation expense Operating income
Which of the following is the formula to calculate residual income?
Operating income - average assets
Operating income plus interest and depreciation expense
Operating income - (average assets required minimum rate of return)
Operating income - (average assets + required minimum rate of return)
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
