A. A company reported income of $50,000 in 2018. At the beginning of 2018 they...
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Accounting
A. A company reported income of $50,000 in 2018. At the beginning of 2018 they had assets of $500,000 at the end of the year they had assets of $600,000. In addition, they had sales of $1,000,000 in 2018. If their cost of capital is 8% (a) what is their return on investment (ROI), (b) what is their residual income?
a. 10,000
b. 6,000
c. 10%
d. 9%
B. What is their residual income?
a. 10,000
b. 6,000
c. 10%
d. 9%
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