d. $15,000 unfavorable The following financial information was summarized from the accounting records of Train Corpor the current year ended December 31 Rails Locomotive Corporate Total Division S30,720 20,040 68,000 Division Cost of goods sold Direct operating expenses Net sales Interest expense General overhead Income tax 27,200 98,000 18,160 4,700 5. The net income for Train Corporation is: a. $38,800 $15,940 . $22,680 d. $20,640 6. The gross profit for the Rails Division is: a. $13,240 b. $50,800 c. $23,600 d. $33,280 7. Avey Corporation had S275,000 in invested assets, sales of $330,000, income from operations amountin $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avey is: a, 10% b. 8% 18% 7.5% Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operat expenses of$3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's investment turnover? a. 1.4 b. 1.25 c. 2.25 d. 1.80 8. 9. What is Clydesdale Company's residual income? $900,000 b. $760,000 c. $1,400,000 d. $252,000