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Advent phone Systems uses both ROI and Hi to evaluate its divisional managers. The following perfon'nance details for the Software division of Advent Phone Systems

Advent phone Systems uses both ROI and Hi to evaluate its divisional managers. The following perfon'nance details for the Software division of Advent Phone Systems are provided to you from the most recent year of operations: Minimum desired rate of return 8% Return on Investment 20% Sales margin 16% Residual Income $120,000 What is the sales revenue for the software division for the most recent year? 0 A- $30,000 0 3- $1.500J000 '3 5- $1.000J000 O D$500,000 O E- $1.250J000

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