Evaluate the residual income

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Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%.

Sales

$500,000

Variable costs

400,000

Contribution margin

100,000

Total direct fixed costs

60,000

Average total operating assets

200,000

What is the residual income?

1.        $20,000

2.        $30,000

3.        $40,000

4.        $90,000

5.        $100,000

Reference no: EM139790

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