Acme Company has a minimum required rate of return of 8.5%….
Acme Company has a minimum required rate of return of 8.5%. Acme has three divisions, Divisions R, S, and T. During the current year, Division T reports a return on investment of 16.0% and residual income of $33,000. What is Division T’s operating income? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).