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The Consumer Products Division of Mickolick Corporation Had Average Operating

Question 9

Multiple Choice

The Consumer Products Division of Mickolick Corporation had average operating assets of $450,000 and net operating income of $38,700 in August. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's residual income in August?


A) $3,870
B) $6,300
C) ($3,870)
D) ($6,300)

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