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Howard Company Provided the Following Selected Information About Its Consumer  Desired ROI 12% Net Income $150,000 Residual Income $30,000\begin{array} { l l } \text { Desired ROI } & 12 \% \\\text { Net Income } & \$ 150,000 \\\text { Residual Income } & \$ 30,000\end{array}

Question 76

Multiple Choice

Howard Company provided the following selected information about its consumer products division for the current year:  Desired ROI 12% Net Income $150,000 Residual Income $30,000\begin{array} { l l } \text { Desired ROI } & 12 \% \\\text { Net Income } & \$ 150,000 \\\text { Residual Income } & \$ 30,000\end{array} Based on this information,the division's investment amount was:


A) $250,000.
B) $1,000,000.
C) $1,500,000.
D) $1,250,000.

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