Holo Company reported the following financial numbers for one of its divisions for the year;average total assets of $5,800,000;sales of $5,375,000;cost of goods sold of $3,225,000;and operating expenses of $1,147,000.Assume a target income of 15% of average invested assets.Compute residual income for the division:
A)$150,450.
B)$196,750.
C)$150,500.
D)$133,000.
E)$100,300.

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The Answer of Holo Company reported the following financial numbers for one of its divisions for the year;average total assets of $5,800,000;sales of $5,375,000;cost of goods sold of $3,225,000;and operating expenses of $1,147,000.Assume a target income of 15% of average invested assets.Compute residual income for the division:
A)$150,450.
B)$196,750.
C)$150,500.
D)$133,000.
E)$100,300.

Holo Company Reported the Following Financial Numbers for One of Its