The tipton division of dudley company reported the following data last year: return on investment 20 % minimum required rate of return 12 % residual income $ 50,000 tipton division's average operating assets last year were: multiple choice a. $625,000 b. $250,000 c. $416,677 d. $333,333.

A. $625,000

Explanation:

We know that,

Residual income = Average operating assets × (Return on investment  - Minimum Required Rate of Return)

$50,000 = Average operating assets × (20% - 12%)

$50,000 = Average operating assets × 8%

So, the average operating assets would be

= $50,000 ÷ 8%

= $625,000

We simply apply the formula by considering all the items which are given in the question

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education