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Guardian Corporation has two major divisions Healthcare Products and Pharmaceutical Products. It provides the following information for the year. Net sales Operating income Average assets

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Guardian Corporation has two major divisions Healthcare Products and Pharmaceutical Products. It provides the following information for the year. Net sales Operating income Average assets Target rate of return Healthcare Division $150,000 $47,000 $310,000 13.0% Pharmaceutical Division $1,000,000 $218,400 $5,660,000 13.0% Calculate the residual income for the Healthcare Division. O A. $6,700 O B. $47,000 C. $27,500 OD. $103,000

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