Xylo Co. reported the following statistics and results for 20X9: ROI.............................................................................................14% Invested capital (average operating assets).................$200,000 Cost
Question:
Xylo Co. reported the following statistics and results for 20X9:
ROI.............................................................................................14%
Invested capital (average operating assets).................$200,000
Cost of capital...........................................................................10%
Required:
What was Zhao’s residual income for 20X9?
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Related Book For 
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
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