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Shields Company Reported the Following Information for 2012 What Was the Company's Residual Income for 2012

Question 68

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Shields Company reported the following information for 2012:  Sales $800,000 Average Operating Assets $400,000 Desired ROI 8% Operating Income $50,000\begin{array}{lr}\text { Sales } & \$ 800,000 \\\text { Average Operating Assets } & \$ 400,000 \\\text { Desired ROI } & 8 \% \\\text { Operating Income } & \$ 50,000\end{array}
What was the company's residual income for 2012?

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Residual income = $5...

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