Adams Corporation evaluates divisional managers based on Return on Investment (RO0 and has provided the operating res 5 Division from last year. The Controller has asked you to compute the ROl and Residual Income based on deta adds a new product line. Use the information included in the Excel Simulation and the Excel functions described below to complete the task . er cell n the worksheet. From the Excel Simulation below, f in a blank cell Cell Reference: Allows you to refer to data from anoth was entered, the formula would output the result from cell G5, or 4.00 in this example 10 points Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (minus sign to subtract). (asterisk sign to multiply), and / (forward siash to divide). From the Excel Simulation below, it nk cell -65+66 was entered, the formula would add the values from those cells and output the result, or t0.00 in this example in a blan using the other math symbols the result would output an appropriate answer for its function eBlook Print References fer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this SUM function: Allows ulation below, if in a blank cell -SUMIG5,G6,G7 was entered, the formula would output the result of function. From the Excel Simu those three separate cells, or 12.00 in this example. Similarly, if in a blank cell -SUM(G5:G7)" was entered, the formula same result of adding those cells, except they are expressed as a range in the formula, and the result would be 12.00 in this example. t a condition and return a specific value is the result is true and different value if the result is false. The f true.value it false and specific considerations need to be made when using this function. The test condition argument is an evaluation of the status of a cell, such as if the value of a cell equal to another number or ceil. The value.r true and value it false arguments will returna another cell reference, a value, or text. Throughout the entire equation, if text is being used in the test any specific result for each option, such as condition, value. /f true ognize the text as a "string of text" IF(G10>20,"Total cost is High" Total cost is low) was arguments then the text itself should be entered in quotations so that Excel will rec tead of another function. From the Excel Simulation below, if in a blank cell tered, the formula would output the result of the value if true since t the test condition would be result as true, or in this case the text ind Excel processes the IF function by seperating t out into separate parts. First the test.condition-Excel thin Total cost is high": cell G10 and determine if the value is greater than 20. Once Excel determines if the result of that test.condition is TRUE or FALSE, it return the value_if true or value it fals Retum on Investment (ROI) and Residual Income Excel Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS MA REVIEW VEW Return on Investment (ROI) and Residual Income-Excel Sign In HOME| INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri 11A A r u . . Alignment Number Conditional Format as. Cell Cells Editing Paste Formatting Table Styles Clipboard Font | | Adams Corporation evaluates divisional managers based on ROI. Operating v I : Al ,G x v orporation evaluates divisional managers based on ROl. Operating results for the 2 company's Northern Division for last year are given below 27,000,000 16.200,000 10,800,000 8,805,000 995000 Variable expenses Contribution margin Fixed expenses Net operating income Average divisional operating assetsS 9,500,00 10 2 The Northern Division has an opportunity to add a new product line at the beginning of the year as follows: 13 14 15 16 17 Adams Corporation's minimum acceptable rate of return Average required investme Net operating income 400,000 15% 18 Return on Investment (ROl) and Residual Income-Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVEw view FILE Sign In 11A A Paste Cells Editing 1 u . . H.. : A. . Alignment Number Conditional Format as Cell Formatting Table Styles Clipboard Font Adams Corporation evaluates divisional managers based on ROI.Operating Al llMHINHETTI/ Net operating income 400,000 15 16 17 Adams Corporation's minimum acceptable rate of returm 18 15% 19 Assuming the company accepts all projects that meet or exceed the minimum rate of return, compute the following: 20 21 Northern Division ROI for last year 23 Northern Division ROI if new product line is added 25 Write an IF statement to determine whether the Northern Division 26 manager will ACCEPT or REJECT the new product line based on ROI. 27 28 Northern Division residual income for last year Noriem Divsdal incone ftc nc rodert lin t s 32 Write an IF statement to determine whether the Northern Division manager 33 will ACCEPT or REJECT the new product line based on residual income 34