Question: Bell Inc. recorded data for its toy sector for the year. The companys desired return is 9%. Given the following information: Sales $3810191 Contribution margin

Bell Inc. recorded data for its toy sector for the year. The companys desired return is 9%. Given the following information:

  • Sales $3810191
  • Contribution margin $1927164
  • Total direct fixed costs $653690
  • Average total operating assets $2836122

What is the residual income for the year?

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