answers as equation, please!

5 ? - 6 x Return on Investment (ROI) and Residual Income - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign In Calibri -11 AA % Paste BIU- H- Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Font Styles B F - 4 Variable expenses 5 6 A1 Adams Corporation evaluates divisional managers based on ROI. Operating D E 1 Adams Corporatior evaluates divisional managers based on ROI. Operating results for the 2 company's Northern Division for last year are given below: 3 Sales $ 27.000.000 16,200,000 Contribution margin 10,800,000 7 Fixed expenses 8.805.000 8 Net operating income 1.995.000 9 10 Average divisional operating assets 9.500.000 11 12 The Northern Division has an opportunity to add a new product line at the beginning of the year as follows: Average required investment $ 2,500,000 Net operating income $ 400,000 13 14 15 16 18 17 Adams Corporation's minimum acceptable rate of return 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 22 23 Northern Division ROI if new product line is added 24 Sheet1 READY 10094 B F 15 KB 5 Return on Investment (ROI) and Residual income - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in % Calibri -11 -A 96 Paste BIU- A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles & Adams Corporation evaluates divisional managers based on ROL Operating D E 12 The Northern Division has an opportunity to add a new product line at the beginning of the year as follows: 13 14 Average required investment $ 2,500,000 Net operating income $ 400.000 16 17 Adams Corporation's minimum acceptable rate of return 15% 18 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 22 23 Northern Division ROI if new product line is added 24 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 29 30 Northern Division residual income if the new product line is added 31 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 35 Sheet1 READY 100%