The Consumer Products Division of Goich Corporation Had Average Operating

Multiple Choice

The Consumer Products Division of Goich Corporation had average operating assets of $800,000 and net operating income of $81,300 in May. The minimum required rate of return for performance evaluation purposes is 10%.What was the Consumer Products Division's residual income in May?

A) $(1,300)
B) $8,130
C) $1,300
D) $(8,130)