5 Cabell Products is a division of a major corporation. Last year the division had total sales of $16,260,000, net operating income of $1,040,640, and average operating assets of $3,902,400. The company's minimum required rate of return is 12%. The division's residual income is closest to: Multiple Choice $1,040,640 0 $572,352 O $1936,576) 0 $1,508,928 6 The Consumer Products Division of Goich Corporation had average operating assets of $420,000 and net operating income of $46,500 in May. The minimum required rate of return for performance evaluation purposes is 12%. What was the Consumer Products Division's minimum required return in May? Multiple Choice $5,580 $46,500 $55,980 $50,400