What is company xs residual income ignore


The following information is available for Company X:

  Sales

$

120,000     

  Operating expenses

$

114,000     

  Operating assets

$

48,000     

  Stockholder's equity

$

30,000     

  Cost of capital

 

12%

What is Company X's residual income? (Ignore Tax)

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Accounting Basics: What is company xs residual income ignore
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