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Calculate the residual earnings of mima plc

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Reference no: EM133146905

Question - The following is an extract of the reformulated financial statements of Mima PLC.

Balance sheet 20X4 £'000

Net operating assets 8,000

Net financial obligations 3,000

Common Equity 5,000

Income statement 20X5

Operating income 1,200

Interest expense 400

Net income 1,600

Required return on equity 12.00%

Required - Calculate the residual earnings of Mima PLC to the nearest thousand pounds.

Reference no: EM133146905

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