Residual Income Is Calculated as

question 31

Multiple Choice

Residual income is calculated as

• A)operating income - (ROI ´ average operating assets).
• B)operating income/(ROI ´ average operating assets).
• C)operating income/(minimum rate of return ´ average operating assets).
• D)operating income - (minimum rate of return ´ average operating assets).
• E)(minimum rate of return ´ average operating assets)/operating income.

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Definitions:

Worthy of Friendship

A term used to describe individuals or entities that possess qualities making them desirable or valuable as friends.

Virtuous

Having or showing high moral standards, including traits such as integrity, courage, and honesty.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Rude Person

An individual displaying impolite or ill-mannered behavior.