In August,the Universal Solutions Division of Jugan Corporation Had Average

Multiple Choice

In August,the Universal Solutions Division of Jugan Corporation had average operating assets of $670,000 and net operating income of $77,500.The company uses residual income,with a minimum required rate of return of 12%,to evaluate the performance of its divisions.What was the Universal Solutions Division's residual income in August?

A) $2,900
B) -$2,900
C) -$9,300
D) $9,300