Last year neil company had sales of 840000 interest expense

Reference no: EM13608556

Last year, Neil Company had sales of $840,000, interest expense of $100,000, and net income of $126,000. The company's tax rate is 30% and its cost of capital is 14%. Neil has noninterest-bearing current liabilities that total $75,000 and it has total assets of $300,000.
Reference: Ref 12-3.What is Neil Company's residual income?

Reference no: EM13608556

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