Sanford Company Reported the Following Information for the Current Year

Short Answer

Sanford Company reported the following information for the current year:
$\begin{array}{lc}\text { Sales } & \$ 880,000 \\\text { Average operating assets } & \$ 475,000 \\\text { Desired ROI } & 10\%\\\text { Het income } & \$ 90,000\end{array}$ Required:Based on this information, calculate the company's residual income.