ABC Inc has the following information available for one of its divisions: Average operating assets $7,000,000 Return on investment (ROI) 25% Sales $6,000,000 If ABC requires a minimum return on its investments of 20%, what is their residual income?
A) $1,500,000
B) $6,000,000
C) $1,750,000
D) $350,000
D
Business
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