Aide Industries is a division of a major corporation. Data concerning the most recent year appears below:

Sales	$18,300,000
Net operating income	$942,000
Average operating assets	$4,900,000

The division's turnover is closest to:

19.43

3.73

0.19

3.13

In August, the Universal Solutions Division of Jugan Corporation had average operating assets of $810,000 and net operating income of $91,500. 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?

$5,700

$5,700

$10,980

$10,980

Garnick Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below:

	Hours
Move time	4.0
Wait time	27.2
Queue time	5.7
Process time	0.9
Inspection time	0.8

The delivery cycle time was:

4.0 hours

9.7 hours

36.9 hours

38.6 hours

Madrazo Corporation uses residual income to evaluate the performance of its divisions. The minimum required rate of return for performance evaluation purposes is 20%. The Games Division had average operating assets of $412,000 and net operating income of $86,500 in June.

Required:

What was the Games Division's residual income in June?

Residual income

$