ultiple Choice Question 153 Crane Company had sales of $560000, variable costs of $230000, and direct fixed costs totaling $100000.

ultiple Choice Question 153

Crane Company had sales of $560000, variable costs of $230000, and direct fixed costs totaling $100000. The company's operating assets total $860000, and its required return is 10%. How much is the residual income?

$86000

$23000

$144000

$474000