What is company xs residual income

Assignment Help Accounting Basics

Reference no: EM131025273

The following information is available for Company X:

Sales	$	120,000
Operating expenses	$	114,000
Operating assets	$	48,000
Stockholder's equity	$	30,000
Cost of capital		12%

What is Company X's residual income? (Ignore Tax)

Reference no: EM131025273

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