joseph Company reported the following information for the current year: Sales$787,000 Average Operating Assets$375,000 Desired ROI 12%Residual…

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joseph Company reported the following information for the current year:

Sales$787,000 Average Operating Assets$375,000 Desired ROI 12%Residual Income$11,250

The company’s operating income was:

Multiple Choice

  • $94,440.
  • $56,250.
  • $45,000.
  • $33,750.
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