Shields Company reported the following information for 2012: $\begin{array}{lr}
\text { Sales } & \$ 800,000 \
\text { Average Operating Assets } & \$ 400,000 \
\text { Desired ROI } & 8 \% \
\text { Operating Income } & \$ 50,000
\end{array}$
What was the company's residual income for 2012?

Question

Shields Company reported the following information for 2012: $\begin{array}{lr}
\text { Sales } & \$ 800,000 \
\text { Average Operating Assets } & \$ 400,000 \
\text { Desired ROI } & 8 \% \
\text { Operating Income } & \$ 50,000
\end{array}$ 
What was the company's residual income for 2012?

Quizplus · Accepted Answer

The Answer of Shields Company reported the following information for 2012: $\begin{array}{lr}
\text { Sales } & \$ 800,000 \
\text { Average Operating Assets } & \$ 400,000 \
\text { Desired ROI } & 8 \% \
\text { Operating Income } & \$ 50,000
\end{array}$ 
What was the company's residual income for 2012?

Shields Company Reported the Following Information for 2012 What Was the Company's Residual Income for 2012