In August,the Universal Solutions Division of Jugan Corporation had average operating assets of $670,000 and net operating income of $77,500.The company uses residual income,with a minimum required rate of return of 12%,to evaluate the performance of its divisions.What was the Universal Solutions Division's residual income in August?
A)$2,900
B)-$2,900
C)-$9,300
D)$9,300

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The Answer of In August,the Universal Solutions Division of Jugan Corporation had average operating assets of $670,000 and net operating income of $77,500.The company uses residual income,with a minimum required rate of return of 12%,to evaluate the performance of its divisions.What was the Universal Solutions Division's residual income in August?
A)$2,900
B)-$2,900
C)-$9,300
D)$9,300

In August,the Universal Solutions Division of Jugan Corporation Had Average