For the year 2019, the specialty chemicals division of Newmont and Co., had a capital turnover ratio of 2, return on sales of 25% and total revenues of $600 M(million). The required rate of return used for residual income calculation by Newmont and Co., is 15%.

The 2019 residual income for the specialty chemicals division was

		$120 Mn
		-$30 Mn
		$150 Mn
		$105 Mn
		$80 Mn
		$210 Mn