Picard Company Reported the Following Information for 2012 The Company's Residual Income for 2012 Was
A) $3,200

Multiple Choice

Picard Company reported the following information for 2012: $\begin{array}{lr}\text { Sales } & \$ 800,000 \\\text { Average Operating Assets } & \$ 300,000 \\\text { Desired ROI } & 8 \% \\\text { Operating Income } & \$ 50,000\end{array}$ The company's residual income for 2012 was

A) $3,200.
B) $24,000.
C) $26,000.
D) $64,000.