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Cabell Products is a division of a major corporation. Last year the division had total sales of $28,770,000, net operating income of $1,611,120, and average

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Cabell Products is a division of a major corporation. Last year the division had total sales of $28,770,000, net operating income of $1,611,120, and average operating assets of $5,754,000. The company's minimum required rate of return is 10% The division's residual income is closest to: Multiple Choice O $161120 O 31035.720 O U50.800) 0 $2,186,520

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