The Consumer Products Division of Weiter Corporation had average operating assets of $570,000 and net operating income of $65,100 in March. The minimum required rate of return for performance evaluation purposes is 12%.
-What was the Consumer Products Division's residual income in March?
A)-$3,300
B)$3,300
C)-$7,812
D)$7,812

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The Answer of The Consumer Products Division of Weiter Corporation had average operating assets of $570,000 and net operating income of $65,100 in March. The minimum required rate of return for performance evaluation purposes is 12%.
-What was the Consumer Products Division's residual income in March?
A)-$3,300
B)$3,300
C)-$7,812
D)$7,812

The Consumer Products Division of Weiter Corporation Had Average Operating