Question: Anders Company provided the following information: Turnover 1.4 Average operating assets $120,000 Operating income $6,720 If the imputed interest rate is 6%, what is Anders

Anders Company provided the following information:

Turnover

1.4

Average operating assets

$120,000

Operating income

$6,720

If the imputed interest rate is 6%, what is Anders Company residual income for the year?

a.$2,400

b.($2,400)

c.$480

d.($480)

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