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The Consumer Products Division of Goich Corporation had average operating assets of $1,100,000 and net...

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Accounting

The Consumer Products Division of Goich Corporation had average operating assets of $1,100,000 and net operating income of $111,900 in May. The minimum required rate of return for performance evaluation purposes is 10%.

What was the Consumer Products Division's residual income in May?

Multiple Choice

  • $(1,900)

  • $11,190

  • $1,900

  • $(11,190)

Answer & Explanation Solved by verified expert
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