Division B had an ROI last year of 15%. The division's minimum required rate of return is 10%. If the division's average operating assets last year were $450,000, then the division's residual income for last year was: • $22,500 • $37,500 • $67,500 • $45,000

Division B had an ROI last year of 15%. The division's minimum required rate of return is 10%. If the division's average operating assets last year were $450,000, then the division's residual income for last year was:

 

·        $22,500

 

·        $37,500

 

·        $67,500

 

·        $45,000

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