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  3. 13 mason corporation had $1,164,000 in invested as

13 Mason Corporation had $1,164,000 in invested assets, sales of $1,274,000, income from operations amounting...

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Question

Accounting

13

Mason Corporation had $1,164,000 in invested assets, sales of $1,274,000, income from operations amounting to $204,000, and a desired minimum return of 12%.

The residual income for Mason Corporation is

a.$0

b.($5,600)

c.$90,048

d.$64,320

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