Howard Company Provided the Following Selected Information About Its Consumer $\begin{array}{lr}\text { Desired ROI } & 12\% \\\text { Operating income } & \$ 204,800 \\\text { Residual income } & \$ 64,800\end{array}$

question 154

Multiple Choice

Howard Company provided the following selected information about its consumer products division for the current year: $\begin{array}{lr}\text { Desired ROI } & 12\% \\\text { Operating income } & \$ 204,800 \\\text { Residual income } & \$ 64,800\end{array}$ Based on this information, the division's investment amount was:

• A) $1,706,667.
• B) $1,166,667.
• C) $540,000.
• D) $2,873,333.

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