In January, the Universal Solutions Division of Zima Corporation Had

Multiple Choice

In January, the Universal Solutions Division of Zima Corporation had average operating assets of $520,000 and net operating income of $97,600. The company uses residual income, with a minimum required rate of return of 18%, to evaluate the performance of its divisions. What was the Universal Solutions Division's residual income in January?

A) $4,000
B) ($4,000)
C) $17,568
D) ($17,568)