The Foxfire C. is a division of a major corporation. Last year the division had total sales of $21,520,000, net operating income of $538,000 and average operating assets of $8,000,000. The company's minimum required rate of return is 18%. The divisions' Return on Investment (ROI) is closest to: a) 6.7% b) .7% c) 67% d) 18% The Foxfire Co. is a division of a major corporation. Last year the division had total sales of $21,520,000, net operating income of $538,000 and average operating assets of $8,000,000. The company's minimum required rate of return is 18%. The divisions' Residual Income is: a) ($3,335,600) b) $3,335,600 c) ($902,000) d) $902,000