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Worldwide Logistics provides the following? information: Operating income $ 1 comma 500 comma 000$1,500,000 Net sales $ 15 comma 000 comma 000$15,000,000 Average total assets
Worldwide Logistics provides the following? information:
Operating income | $ 1 comma 500 comma 000$1,500,000 |
Net sales | $ 15 comma 000 comma 000$15,000,000 |
Average total assets | $ 1 comma 900 comma 000$1,900,000 |
?Management's target rate of return | 3030?% |
What is the? company's residual? income?
A.
$ 570 comma 000$570,000
B.
$ 930 comma 000$930,000
C.
$ 1 comma 450 comma 000$1,450,000
D.
$ 400 comma 000$400,000
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