Payton Atkinson

Business

30 May, 08:52

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 36,480,000 Net operating income $ 2,808,960 Average operating assets $ 8,000,000 The company's minimum required rate of return 16 % The division's residual income is closest to: Multiple Choice

a. $2,808,960

b. $4,088,960

c. $ (3,027,840)

d. $1,528,960

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