The information below is provided by Sparkling Clean Supplies Limited.
$$\begin{array} { l r }
\text { Sales } & \$ 600000 \
\text { Operating profit } & 42000 \
\text { Average operating assets } & 240000 \
\text { Equity } & 150000 \
\text { Minimum required rate of return } & 15 \%
\end{array}$$ Calculate the residual profit.

Question

The information below is provided by Sparkling Clean Supplies Limited.
$$\begin{array} { l r } 
\text { Sales } & \$ 600000 \
\text { Operating profit } & 42000 \
\text { Average operating assets } & 240000 \
\text { Equity } & 150000 \
\text { Minimum required rate of return } & 15 \%
\end{array}$$ Calculate the residual profit.

Quizplus · Accepted Answer

The Answer of The information below is provided by Sparkling Clean Supplies Limited.
$$\begin{array} { l r } 
\text { Sales } & \$ 600000 \
\text { Operating profit } & 42000 \
\text { Average operating assets } & 240000 \
\text { Equity } & 150000 \
\text { Minimum required rate of return } & 15 \%
\end{array}$$ Calculate the residual profit.

The Information Below Is Provided by Sparkling Clean Supplies Limited