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The following information relates to last year's operations at the Hummingbird Division of Avis Corporation: Minimum required rate of return 9% Return on investment (ROI)

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The following information relates to last year's operations at the Hummingbird Division of Avis Corporation: Minimum required rate of return 9% Return on investment (ROI) 11.7% Sales $ 660,000 Turnover (on operating assets) 3 times 16 What was the Hummingbird Division's net operating income last year? A $77,220 B. $59.400 C $25,740 D. $17,820 E. None of the above

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