The Consumer Products Division of Goich Corporation Had Average Operating

Multiple Choice

The Consumer Products Division of Goich Corporation had average operating assets of $1,000,000 and net operating income of $91,700 in May. The minimum required rate of return for performance evaluation purposes is 9%.What was the Consumer Products Division's residual income in May?

A) $(1,700)
B) $8,253
C) $1,700
D) $(8,253)