The following data pertains to Timmins Company's operations last year: 
Required:
a.Compute the company's average operating assets.
b.Compute the company's residual income for the year.
Definitions:
Aggregate
A collection or sum of many individual elements, items, or variables often used in the context of data analysis or statistics.
Category
A class or division of people or things regarded as having particular shared characteristics or attributes.
Authority
The right or power to enforce rules, judgments, or command influence over others.
Max Weber
A German sociologist, philosopher, and political economist whose theories laid the groundwork for modern sociology, including the concept of the "Protestant work ethic" and the role of bureaucracy in society.
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