accounting help - residual income?

May 31, 2008 – 7:46 am

andrew C asked:

Hey can somebody please help me?

The following info is available for Nike for the year 1999

Sales 100,000
Operating Expenses 94,000
Operating Assetes 40,000
Stock Equity 25,000
Cost of capital 10%

what is the residual income for Nike in 1999?

THanks for any help, i am stuck

Carney

Share and Enjoy:

One Response to “accounting help - residual income?”
This is so simple, I wonder if there is more to it that you are not providing. Income is 100,000 of revenue less 94,000 of expenses, or 6,000. The rest of the information is not relevant.

By Serge M on Jun 2, 2008

Residual Income