Question: ........ Given the following data: Return on investment 40% Turnover 3.5 Margin 12% Sales $200,000 Average operating assets $60,000 Minimum required rate of return 18%

........

Given the following data:

Return on investment 40%
Turnover 3.5
Margin 12%
Sales $200,000
Average operating assets $60,000
Minimum required rate of return 18%

The residual income would be:

here are the choices, please show calculation? Ive gotten two different answers so far. none of which are below. please. thanks

$0

$12,000

$13,200

$16,800

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