Determine the april 2014 residual income for an investment

Question

Determine the April 2014 residual income for an investment center with the following information:

Operating income for the month ended April 30, 2014        $2,300,000

Assets at March 31, 2014                                                            $10,200,000

Assets at April 30, 2014                                                               $13,150,000

Desired ROI                                                                                                   18%

 

Actual ROI                                                                                                     20%