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The Consumer Products Division of Goich Corporation had average operating assets of $1,200,000 and net operating income of $98,100 in May. The minimum required rate
The Consumer Products Division of Goich Corporation had average operating assets of $1,200,000 and net operating income of $98,100 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
$(2,100)
$7,848
$2,100
$(7,848)
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