products division for the current year:

Desired ROI

12%

Net Income

150,000

Residual Income

30,000

Based on this information, the division's investment amount was:

A) $250,000.

B) $1,000,000.

C) $1,500,000.

D) $1,250,000.

12) Howard Company provided the following selected information about its consumer products division for the current year:

Desired ROI 12%

Net Income 150,000

Residual Income 30,000

Based on this information, the division's investment amount was:

A) $250,000.

B) $1,000,000.

C) $1,500,000.

D) $1,250,000.