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PVP: Computing ROI and residual income for an

stion #$2$

BAC

Iniversal Company reported the following financial data for the most recent fiscal y

Sales $$90,000$

Operating expenses $$70,000$

Operating assets beginning of the year $$90,000$

Operating assets end of the year $$82,000$

The required minimum rate of return $10\%.$

Calculate Universal Company's residual income.

$$11,200$

$$11,000$

$$11,800$

$$11,400$