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  3. 23. azuki corporation operates in two global sales

23. Azuki Corporation operates in two global sales territories, USA and Asia. Data concerning last...

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23. Azuki Corporation operates in two global sales territories, USA and Asia. Data concerning last year's operations appear below: Assume Azuki's common fixed expenses were $25,000 last year. What was Azuki Corporation's overall net operating income for last year? A) $33,000 B) $45,000 C) $58,000 D) $83,000 24. Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 14%. In January, the Commercial Products Division had average operating assets of $970,000. How much net operating income must be generated to ensure that Commercial Products Division's residual income is at least $200,000 ? A) $990,000 B) $970,000 C) $135,800 D) $335,800

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