Arizona Company calculated its residual income to be zero last period. The correct interpretation of the residual income figure would be:

Arizona Company calculated its residual income to be zero last period. The correct interpretation of the residual income figure would be: the firm had a zero net income lastperiod the firm's ROI was less than the minimum required rate of return last period the firm eamed less than their minimum required rate of return last period None of the items in this list of answers the firm earned more than their minimum required rate of return last period