3. Accel Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport: Snow Sports and Non-Snow Sports. The following divisional information is available for the past year: Click the icon to view the information.) Compute each division's residual income. Interpret your results. Are your results consistent with each division's ROI? First enter the formula, then calculate each divisions residual income )Residual income Snow Non-Snow Interpret your results. Both divisions have (4) residual income. This means that the divisions are earning income at a rate that (5) management's minimum expectations. Are your results consistent with each division's ROI? This result is (6) with the ROI calculations 1: Data Table Sales Operating Income Total Assets Current Liabilities ROI 19.5% 37.7% $ 5,400,000 $ 4,700,000 $ 3,700,000 Snow Sports Non-Snow Sports 918,000 S 350,000 8,200,000 $ 1,394,000 $ 600,000 Accel's management has specified a target 17% rate of retum. O Sales Total assets (2) O O Sales (3) O (4) O negative O positive (5) O exceeds (6) consistent ital turnove O Capital turnover Total assets O Current liabilities O Operating income O Effective tax rate O is equal to O not consistent O Current liabilities O Operating income Target rate of return O WACC is lower than