Week 7: Quiz i Saved Help Save & Exit Submit 5 Assume a company reported the following results. Sales $ 400, 000 Variable expenses 260, 090 Contribution margin 140, 000 4 Fixed expenses 40, 000 points Net operating income $ 100, 090 Average operating assets $ 300,000 If the company's minimum required rate of return on average operating assets is 16%, Its residual Income would be Multiple Choice O $52,000 O $53.000 O $54,000 O $55,000