Sousa Corporation Provides the Following Financial Information Calculate the Residual Income of Sousa Corporation

Multiple Choice

Sousa Corporation provides the following financial information: $$\begin{array} { | l | r | } \hline \text { Minimum acceptable operating income } & \$ 556,600 \\\hline \text { Average total assets } & \$ 2,600,000 \\\hline \text { Operating income } & \$ 708,000 \\\hline \text { Return on investment } & 27 \% \\\hline \text { Net sales } & \$ 900,000 \\\hline\end{array}$$ Calculate the residual income of Sousa Corporation.

A) $2,043,400
B) $343,400
C) $151,400
D) $412,274