Augusta Corporation's Golf Division has sales of $193,000, cost of goods sold of $103,000, operating expenses...
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Augusta Corporation's Golf Division has sales of $193,000, cost of goods sold of $103,000, operating expenses of $28,000, average invested assets of $903,000, and a hurdle rate of 13.00 percent. Calculate the Golf Division's return on investment and its residual income. Note: Enter loss amount with a minus sign. Enter your ROI answer as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%). Round your Residual Income (Loss) answer to the nearest whole dollar. Return on Investment (ROI) Residual Income (Loss) % Augusta Corporation's Golf Division has sales of $193,000, cost of goods sold of $103,000, operating expenses of $28,000, average invested assets of $903,000, and a hurdle rate of 13.00 percent. Calculate the Golf Division's return on investment and its residual income. Note: Enter loss amount with a minus sign. Enter your ROI answer as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%). Round your Residual Income (Loss) answer to the nearest whole dollar. Return on Investment (ROI) Residual Income (Loss) %
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