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Ashville Company has two divisions - Bikes and Trikes. Ashille Company Segmented Income Statements For the Current Fiscal Year Ended December 31 Assume the Trikes

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Ashville Company has two divisions - Bikes and Trikes. Ashille Company Segmented Income Statements For the Current Fiscal Year Ended December 31 Assume the Trikes Division has average operating assets totaling $400,000 for the year and the company's cost of capital rate is ten percent. What is the residual income for the Trikes division? $120,000 $1,380,000 $24,000 $585,000

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