If operating income is P60,000, average operating assets are P240,000, and the minimum required rate of return is 20%, what is the residual income? 50% 25% P12,000 P45,00

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....
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If operating income is P60,000, average operating assets are P240,000, and the minimum required rate of return is 20%, what is the residual income?

  • 50%
  • 25%
  • P12,000
  • P45,000
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