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Selected Data from Division a of Green Company Are as Follows

Question 70

Multiple Choice

Selected data from Division A of Green Company are as follows:
 Sales $500,000 Average investment $300,000 Operating income $60,000 Minimum rate of return 15%\begin{array}{lcc}\text { Sales } & \$ & 500,000 \\\text { Average investment } & \$ & 300,000 \\\text { Operating income } & \$ & 60,000 \\\text { Minimum rate of return } & & 15 \%\end{array} If the minimum rate of return was 10%, Division A's residual income (RI) would be:


A) $15,000.
B) $24,000.
C) $30,000.
D) $36,000.
E) $45,000.

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