ist Corporation uses residual income to evaluate the performance of its divisions pany's minimum required rate of return is l 1%. In April, the Commercial Products The com Division had average operating assets of s$100,000 and net operating income of 59,400, What was the Commercial Products Division's residual income in Apri A.-$1.600 B. $1,600 C. $1,034 D.-$1,034 The following questions are 4 points each. The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses that are used for the next 2 questions: North South Sales Variable expenses Traceable fixed expenses Allocated common corporate expenses Net operating income (loss) $900,000 $800,000 450,000 300,000 260,000 210,000 240,000 190.000 S(50.000) $100.000