The following information pertains to the three divisions of Marlow Company: ...
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Accounting
The following information pertains to the three divisions of Marlow Company:
| Division X | Division Y | Division Z | ||||
| Sales | ? | ? | $1,250,000 | |||
| Net operating income | $36,000 | $25,000 | $75,000 | |||
| Average operating assets | $300,000 | ? | ? | |||
| Return on investment | ? | 20% | 15% | |||
| Margin | 0.10 | 0.05 | ? | |||
| Turnover | 1.2 | ? | ? | |||
| Target ROI | 15% | 12% | 10% | |||
What is the residual income for Division X?
a.$(9,000)
b.$(36,000)
c.$45,000
d.$36,000
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