Question: Use the following information to answer question 4-5. Operating data of Peter Company for last year follows: Sales Stockholders' equity Return on investment Turnover Minimum

Use the following information to answer question 4-5. Operating data of

Use the following information to answer question 4-5. Operating data of Peter Company for last year follows: Sales Stockholders' equity Return on investment Turnover Minimum required rate of return Total assets $900,000 $500,000 12% 1.5 10% $800.000 4. The average operating assets amounted to: A. $400,000 B. $500,000 C. $600.000 D. $800,000 5. The residual income amounted to: A. $10,000 B. $12,000 C. $18,000 D. $16,000

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