Company XYZ Financial Data (for the year 2024): Revenue: $5…
Company XYZ Financial Data (for the year 2024): Revenue: $500,000 Cost of Goods Sold (COGS): $300,000 Operating Expenses: $100,000 Net Operating Income: $100,000 Total Assets: $400,000 Total Equity: $250,000 Minimum Required Rate of Return: 10% (for residual income calculation) What is Company XYZ’s residual income for 2024, given a minimum required rate of return of 10%?