Multiple Choice
Division B had an ROI last year of 15%.The division's minimum required rate of return is 10%.If the division's average operating assets last year were $450,000,what was the division's residual income for last year?
A) $22,500.
B) $37,500.
C) $45,000.
D) $67,500.
Correct Answer:
Verified
Correct Answer:
Verified
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