Multiple Choice
Assume that Division A has generated sales revenue of $4,550,000 and achieved income from operations of $530,000 using $2,800,000 of invested assets.If management desires a minimum rate of return of 15%,the residual income would be:
A) $110,000.
B) $152,500.
C) $79,500.
D) $530,000.
Correct Answer:
Verified
Correct Answer:
Verified
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