Question
Fairpoint Products provided the following selected information about its consumer products division for the current year: Desired ROI 8% Net Income $ 112,000 Residual Income
Fairpoint Products provided the following selected information about its consumer products division for the current year:
| Desired ROI | 8% |
|---|---|
| Net Income | $ 112,000 |
| Residual Income | $ 66,000 |
Based on this information, the division's investment amount was:
Multiple Choice
$825,000.
$575,000.
$2,225,000.
$1,400,000.
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Financial Accounting A User Perspective
Authors: Robert E. Hoskin, Maureen R. Fizzell, Donald C. Cherry
4th Canadian Edition
0470834455, 978-0470834459
