O4 Portland Communications Company (PCC) operates an internet and communications network in several cities in the northwest. Division managers at PCC are evaluated annually based on their division's residual income. The Seattle Division reported the following data for the most recent year: Revenue $2,200,000 Investment in assets $8,000,000 $1,100,000 Operating expenses Required rate of return 10% per year What was the Seattle Division's residual income last year? $30,000) C. $300.000 10. $1.000.000 $770.000 None of the above 3 The following financial data are available for the most recently completed period at Butler Company: Revenue $800,000 $64,000 Operating income Return on investment 16% If sales increase by $190,000 and operating income increases by $16.000, then what will be the company's new return on investment? 8% 18% 20% 22% 0 None of the above