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Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales Operating income Total assets $2,400,000 $600,000 $750,000 $180,000 13% 10%

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Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales Operating income Total assets $2,400,000 $600,000 $750,000 $180,000 13% 10% Current liabilities Target rate of return Weighted average cost of capital What is The Portland Porcelain Works Coffee Mug Division residual income? OA. $525,000 OB. $502,500 O C. $697,500 OD. $97,500

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