Joseph Company Reported the Following Information for the Current Year

Multiple Choice

Joseph Company reported the following information for the current year: The company's operating income was:
$$\begin{array} { |l | r| } \hline\text { Sales } & \$ 787,000 \\\hline \text { Average Operating Assets } & \$ 375,000 \\\hline \text { Desired ROI } & 12 \% \\\hline\text { Residual Income } & \$ 11,250 \\\hline\end{array}$$

A) $94,440.
B) $56,250.
C) $45,000.
D) $33,750.