Ultiple Choice Question 153 Crane Company Had Sales Of 560000 Variable Costs Of (1)
ultiple Choice Question 153
Crane Company had sales of $560000, variable costs of $230000, and direct fixed costs totaling $100000. The company’s operating assets total $860000, and its required return is 10%. How much is the residual income?
$86000
$23000
$144000
$474000
