Q:

A )Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's turnover is closest to:

2.19

17.24

0.15

2.51

B)

The Jenkins Division recorded operating data as follows for the past year:

Sales	$600,000
Net operating income	$30,000
Average operating assets	$200,000
Stockholders' equity	$50,000
Residual income	$14,000

For the past year, the return on investment was:

5%

15%

30%

25%

C)The Consumer Products Division of Mickolick Corporation had average operating assets of $450,000 and net operating income of $38,700 in August. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's minimum required return in August?

$3,870

$38,700

$48,870

$45,000

D)Daab Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales	$11,520,000
Net operating income	$322,560
Average operating assets	$3,000,000
The company's minimum required rate of return	10%

The division's residual income is closest to:

$322,560

$622,560

($829,440)

$22,560