In September, the Universal Solutions Division of Mcallister Corporation had average operating assets of $120,000 and net operating income of $12,800. 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 September?
A)-$1,600
B)$1,600
C)-$1,536
D)$1,536

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The Answer of In September, the Universal Solutions Division of Mcallister Corporation had average operating assets of $120,000 and net operating income of $12,800. 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 September?
A)-$1,600
B)$1,600
C)-$1,536
D)$1,536

In September, the Universal Solutions Division of Mcallister Corporation Had