Using the Information Below, Calculate the Residual Profit A) $24 000
B) $51 000
C) $48 000
D)

Multiple Choice

Using the information below, calculate the residual profit.
$$\begin{array} { l r } \text { Sales } & \$ 240000 \\\text { Operating profit } & \$ 60000 \\\text { Average operating assets } & \$ 80000 \\\text { Shareholders' equity } & \$ 60000 \\\text { Minimum required rate of return } & 15 \%\end{array}$$

A) $24 000
B) $51 000
C) $48 000
D) $60 000