question 27

question 28

TB MC Qu. 10-137 Cabell Products is a division of a... 27 10 points Cabell Products is a division of a major corporation. Last year the division had total sales of $10,400,000, net operating income of $540,800, and average operating assets of $2,392,000. The company's minimum required rate of return is 16% The division's return on investment (ROI) is closest to: Multiple Choice 5.2% 22.6% 32.5% 23.0% 28 TB MC Qu. 10-148 The Consumer Products Division of... Dints The Consumer Products Division of Goich Corporation had average operating assets of $1,500,000 and net operating income of $122,700 in May. The minimum required rate of return for performance evaluation purposes is 8%. What was the Consumer Products Division's residual income in May? Multiple Choice $(2,700) $9,816 $2,700 $(9,816)