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What is Swifty Company residual income

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Reference no: EM132801751

Question - Swifty Company recorded the following operating data:

Sales $1246000

Contribution margin: 481000

Total direct fixed costs: 396000

Total operating assets Jan. 1, 2020: 751000

Total operating assets Dec. 31, 2020: 789000

Swifty Company's desired return: 13%

Required - What is Swifty Company's residual income?

a. $12630

b. ($12630)

c. ($15100)

d. ($17570)

Reference no: EM132801751

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