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Selected data from Chering Division's accounting records revealed the following: Sales Average investment Net operating income Minimum rate of return (divisional cost of capital) $679,

Selected data from Chering Division's accounting records revealed the following: Sales Average investment Net operating income Minimum rate of return (divisional cost of capital) $679, 800 $309,000 $ 55,000 14% Chering Division's residual income (RI) is: Multiple Choice 0 $11,740. 0 $23,480 0 $7,700 0 $17,780 0 $40,172

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