Question

Sales revenue for XYZ Company is $1,000,000. The cost of goods sold is $450,000 and
the operating expenses are $250,000. Interest revenue for the company is $100,000 and the
interest expenses are $50,000. The minimum required rate of return is 15% and cost of
operating assets $1,500,000. What is the residual income for XYZ Company?
a. $125,000
b. $175,000
c. $100,000
d. $75,000

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Answer 1

Answer:

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